iCharts Discussions

ravi_shankar_999 · White Belt Joined: 15 Jul 2013 Posts: 24

Friends, I have been trading since 7 years without taking the positions overnight and am new over here though old at trading.

ravi_shankar_999 · White Belt Joined: 15 Jul 2013 Posts: 24

5th December 2014. Nifty Future Levels.
Buy above 8603 SL 8590 TGT 8636..
Sell below 8582.SL 8596 TGT 8564. . .

Daily SAR 8593
Upper Bollinger 8645.8
Lower Bollinger 8316.4

For 5th December possible Open High Low and close values

in Negative Trend
8573 8613.3 8526.2 8561

in Positive Trend
8611.3 8636 8562 8602

ADX is at 30.6 (suggests Strong trend has started). Also +DMI is 86.04 100 % more than -DMI which is 42.60. Can Expect strong +ve Move tomorrow eventhough Global markets remain Weak.. . Please note that these are purely technical views and risky.Take positions with strong stoploss..

NFTrader · White Belt Joined: 28 Nov 2014 Posts: 35

Good initiative, I should say. But have 2 queries

1. What is the basis for these levels.
2. Is it possible for you to post levels for BankNifty Future also. If so, then please post those levels also.

Thanks

ravi_shankar_999 · White Belt Joined: 15 Jul 2013 Posts: 24

Thank you NFTrader
When it comes to your queries

Basis for these levels : - Pure Price/Volume Action and historical data(from 12 june 2000 when nifty started), Daily SAR and also combined with the indicators and also changes(not actual indicators) in the indicators like ADX, RSI, ATR over a period of past 6 trading days. Algorithm is very complex and it took more than 5 months to be developed.

Bank Nifty Levels : - I am trading only on nifty and regarding bank nifty i have started backtesting recently with the prior data but its not working out because of news based volatility. I am afraid that technical indicators wont work out for banknifty since its entirely driven by the News. But i ll try to come up with some working set of algorithms.

Thanks,
Ravi Shankar

satishkadam · Yellow Belt Joined: 01 Apr 2010 Posts: 805

ravi_shankar_999 · White Belt Joined: 15 Jul 2013 Posts: 24

Yes nifty is in buy currently.
Currently Nifty is at 8610.
If it stays above 8610 for 10 mins from now you can use 8610 at your stop loss for buy at 8603 and wait till 8632

Thanks,
Ravi Shankar

ravi_shankar_999 · White Belt Joined: 15 Jul 2013 Posts: 24

8th December 2014. Nifty Future Levels.

Buy above 8607 SL 8593 TGT 8625..
Sell below 8590.SL 8599 TGT 8560. . .

Daily SAR 8596
Upper Bollinger 8654
Lower Bollinger 8327

For 8th December possible Open High Low and close values

in Negative Trend
8549.0 8565.9 8489.5 8502.6

in Positive Trend
8612.3 8626.3 8558.2 8584.6

ravi_shankar_999 · White Belt Joined: 15 Jul 2013 Posts: 24

ravi_shankar_999 · White Belt Joined: 15 Jul 2013 Posts: 24

9th December 2014. Nifty Future Levels. . .

Buy above 8520 SL 8490 TGT 8560.

Sell below 8484.SL 8520 TGT 8460. .

Daily SAR 8520.
Upper Bollinger 8652 .
Lower Bollinger 8341.. . .

For 8th December possible Open High Low and close values

in Negative Trend
8468.7 8494.7 8407.3 8421.8

in Positive Trend
8503.5 8536.7 8439.2 8467.4

ravi_shankar_999 · White Belt Joined: 15 Jul 2013 Posts: 24

10th December 2014. Nifty Future Levels. . .

Buy above 8424 SL 8397 TGT 8460.

Sell below 8384.SL 8420 TGT 8352. .

Daily SAR 8424.
Upper Bollinger 8652 .
Lower Bollinger 8340.7.. . .

For 10th December possible Open High Low and close values

in Negative Trend
8394.1 8428.0 8349.6 8365.7

in Positive Trend
8410.4 8469.4 8385.3 8418.0

Disclaimer : - These are purely personal views.
Please do trade with stop loss.

ravi_shankar_999 · White Belt Joined: 15 Jul 2013 Posts: 24

15th December 2014. Nifty Future Levels. . .

Buy above 8312 SL 8282 TGT 8360.

Sell below 8193.SL 8220 TGT 8165. .

Daily SAR 8312.
Upper Bollinger 8673 .
Lower Bollinger 83300

For 15th December possible Open High Low and close values

in Negative Trend
8250.4 8268.0 8160 8224.0