Trading NR7 setup

[Biswajit Das]

Many thanks to u Mr.CUBT, u have done well.
:clapping:

 

[Biswajit Das]

It was really a good start with NR7 Intraday setup.

The following are the list of trades i took based on NR7 trigger.

Following trailing Stop Loss was bit tough initially, later mixed up NR7 SL and Suuport/Resistance, so that I could be on trade even though market bounces up a bit.

Nifty Futures:

NR7 @ 9.50 am - Shorted Nifty @ 6076 with SL @ 6084

moved Trailing SL to 6086

Stop Loss triggered @ 10:55 am, exited short position @ 6086 and Initiated long @ 6086 with SL @ 6081.

Later moved trailing SL to 6083 based on MAX NR7 setup

@ 11:40 am, SL triggered - exited long position @ 6083 and Shorted @ 6083 with SL 6089

Moved trailing SL to 6077 @ 12:05 PM
Moved trailing SL to 6072 @ 12:20 PM

Stop Loss triggered @ 12:40, exited short @ 6072 and went long @ 6072 with SL 6068.
Stop Loss triggered again @ 12:45, exited long @ 6068 and shorted @ 6068 with SL 6072.

Later trailing stop loss moved to 6054 @ 1:20
trailing stop loss moved to 6038 @ 1:55
trailing stop loss moved to 6022 @ 2:00


Finally exited all my positions @ 3:00 PM.

Total no of trades in Nifty Futures - 5 trades(buy/sell)
Total profits per lot - 2195

Total no of trades in Bank Nifty - 3 trades(buy/sell)
Total profits per lot - 5496

Silver - I have exited in the middle of trade due to poor volumes with loss of Rs. 2500

All above profits are after deducting brokerage.

http://www.4shared.com/file/lSHA5NIi/nifty_to_excel.html

:thanx::cheers::clap::thumb:

 

[DataRam]

It was really a good start with NR7 Intraday setup.

The following are the list of trades i took based on NR7 trigger.

Following trailing Stop Loss was bit tough initially, later mixed up NR7 SL and Suuport/Resistance, so that I could be on trade even though market bounces up a bit.

Nifty Futures:

NR7 @ 9.50 am - Shorted Nifty @ 6076 with SL @ 6084

moved Trailing SL to 6086

Stop Loss triggered @ 10:55 am, exited short position @ 6086 and Initiated long @ 6086 with SL @ 6081.

Later moved trailing SL to 6083 based on MAX NR7 setup

@ 11:40 am, SL triggered - exited long position @ 6083 and Shorted @ 6083 with SL 6089

Moved trailing SL to 6077 @ 12:05 PM
Moved trailing SL to 6072 @ 12:20 PM

Stop Loss triggered @ 12:40, exited short @ 6072 and went long @ 6072 with SL 6068.
Stop Loss triggered again @ 12:45, exited long @ 6068 and shorted @ 6068 with SL 6072.

Later trailing stop loss moved to 6054 @ 1:20
trailing stop loss moved to 6038 @ 1:55
trailing stop loss moved to 6022 @ 2:00


Finally exited all my positions @ 3:00 PM.

Total no of trades in Nifty Futures - 5 trades(buy/sell)
Total profits per lot - 2195

Total no of trades in Bank Nifty - 3 trades(buy/sell)
Total profits per lot - 5496

Silver - I have exited in the middle of trade due to poor volumes with loss of Rs. 2500

All above profits are after deducting brokerage.

http://www.4shared.com/file/lSHA5NIi/nifty_to_excel.html

Keep it Up.

Happy Trading. :thumb:

 

[vnk2000]

Any NR7 Stocks for tommorow?

 

[rkkarnani]

Any NR7 Stocks for tommorow?

AXISBANK 1471.9 1445.1
HINDUNILVR 585 581.55
JINDALSTEL 308 300.45
M&M 962.55 946.9
NTPC 155 152.85
ULTRACEMCO 1979.9 1958.05

All levels for cash !

 

[Biswajit Das]

Any NR7 Stocks for tommorow?[/QUOT

LUPIN, MOIL and Ultratechcem.
Pls, check and take expert advice.

 

[khiladi786]

Any NR7 Stocks for tommorow?[/QUOT

LUPIN, MOIL and Ultratechcem.
Pls, check and take expert advice.

Even I have lupin and ultratech only from nifty50 as nr7 stocks for tomorrow

 

[Cubt]

Yesterday due to high vola SL was hit often which made me to exit and re enter every trade. Traded only Bank Nifty yesterday and ended in Loss of INR 1200 per lot. Including brokerage it was Rs.2000 due to more no of trades.

With back tested result it is proven that when you do Intraday trading with NR7 setup, we need to accept the minimum losses and ride the trades which provides maximum break out. Like the one on Monday.

Today gonna split my trade with 3 stocks and Silver commodity.

Axis Bank (NR7 Range - 26.8 which is 70% lesser than 7 days average range 38)
JSW Steel (NR7 Range - 12.75 which is 66% lesser than 7 days average range 19)
UltraTech (NR7 Range - 22 which is 52% lesser than 7 days average range 42)

So expecting a good breakout today on above mentioned stocks. Moreover JSWSteel also falls under weekly NR7. If it falls further, then higher downside expected.

 

[rkkarnani]

AXISBANK 1471.9 1445.1
HINDUNILVR 585 581.55
JINDALSTEL 308 300.45
M&M 962.55 946.9
NTPC 155 152.85
ULTRACEMCO 1979.9 1958.05

All levels for cash !

Seems there is some error in my EXPLORER I use in Metastock. Please check before using. Other members have posted different Stocks for NR7 today and I rechecked, I found Lupin is there but was not showing in my List.
Regret the mistake.

 

[Biswajit Das]

NR7=Lupin has given up side breakout

Biswajit