iCharts Discussions

[pavan29]

This is for 4th Apr 2016

Buy Nifty futures above 7802 , tgt 7886-7946-8024-8110 SL 7696

Sell below 7695, tgt 7611-7551-7473-7388 SL 7801


When Futures buy is triggered, Buy the 7800 Put option immediately

If sell is triggered, Buy the 7600 Call option immediately.

1. Once target 1 is hit in futures on either side, keep SL to 7834
2. If 2nd target hit, SL should be target 1
3. If 3rd target hit, SL should be target 2
4. If 4th target hit, SL should be target 3

1. Similarly for Sell futures too=> When target 1 hit, SL should be 7663
2. If 2nd target hit, SL should be target 1
3. If 3rd target hit, SL should be target 2
4. If 4th target hit, SL should be target 3

Whenever SL is hit, exit the Options trade too at CMP


In case the SL is hit without reaching target 1, use the above values for the opposite entry.

This method is proved to give atleast 3-5k every week if call gets closed.

This is valid for entire week. Dont use this for intraday strictly as you may need to carry forward the trades if targets not hit due to low volatility

[pavan29]

[pavan29]

Target 1 hit=>84 points profit*75=6300

CE =-65 points*75=-4875

==>6300-4875=1425 per lot and running

[ridinghood]

Now that nf has met sell tgt1,we have to keep sl at 7663. right?
regds
ridinghood

[pavan29]

[pavan29]

Target 2 almost close...Modify SL=7611

[pavan29]

Nifty futures on 8th Apr

If price opens between 7545 & 7585

Buy above 7585 , tgt 7616.5

Sell below 7545 , tgt 7514

[ridinghood]

thanx pawan! for ur levels. nf opened below ur range of 7545-7585.
so, it wont be buy>7585. is it ok?

[pavan29]

[ridinghood]

ok, but in icicidirect nf price quote it shows open nd low at the same level of 7540.