Hi all,
With due respect and lots of thanks to Velluri Sir & Sprintravi75 for giving such a nice and easy strategy. I have Modified the Excel sheet provided by sprintravi75 incorporating Nifty sparklines & index data from NSE website. You can Paper trade first & use it for excellent intraday trading. Pls Reply with your comments & sujestions
Regards
With due respect and lots of thanks to Velluri Sir & Sprintravi75 for giving such a nice and easy strategy. I have Modified the Excel sheet provided by sprintravi75 incorporating Nifty sparklines & index data from NSE website. You can Paper trade first & use it for excellent intraday trading. Pls Reply with your comments & sujestions
Regards
Some of the members wanted to know what is this strategy actually and the method of trading etc.
This method is actually intraday breakout strategy with fixed targets and Stop Losses. The range of yesterday is taken for trading today. The stock should move atleast 50% of yesterday's range to hit the target.
The stock should ideally open between Buy above & Sell below figures. That ensures proper breakouts. Usually I ignore stocks which open out of these figures because it is not ideal setup.
Mkln68, its a good strategy if executed to the precision could make you descent returns. I suggest you to make a log of trades to make to more attractive and convincing. I could have made it, but now a days I am not active on intraday trades.
In due course of time, I would suggest some tweaks to this system to make it robust and successful.
(Mind you, its not my strategy, but it is adopted from Net and tweaked for Indian stocks).