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Earn daily in your choice of stock/index. By Chintan Savla.

COPY PASTED FROM MUDRAA

Hello Firends,
As a payback initiative to mudraa, i would like to bring across a simple trading
strategy in which you can trade any liquid stock or index of your choice when
you do not study eod charts or if you study eod charts and your study is wrong
with respect to the direction of the next day trend of the stock/index.i.e. today
through your eod study,by applying whatever indicators,moving
averages,etc….,you feel that nifty might go down tomorrow. But in this
strategy most of the times you would not get any signal to sell tomorrow. What
I do is study EOD charts but do not take a firm view for the next day.I just try
to be with the overall intra day trend on any given day.
The whole purpose is to make each and every trader self-reliant in taking
trading decisions and not to rely and “BEG” on the so called call providers
who only turn up when their call is in profit and don’t update when their call is
in loss. It is a universal rule that if we rely on someone for something you are
bound to be taken advantage of……
Moving forward, also I would suggest you to trade Nifty, Bank Nifty and LIX
index stocks through this strategy. The best would be of course nifty and then
bank nifty.
The list of LIX stocks can be viewed at:-
http://www.nseindia.com/products/content/equities/indices/LIX_15.htm
I generally refer many trading websites/blogs, etc…so it is possible that you
might found it somewhere else too and hence I am not at all taking any credit
for this.
Here is the setup:-
1) Stocks/Index trading in a Positive or Negative crossover of EMA 50 and
EMA 100 on intraday 5 min chart.(most of the times each and every scrip
would be either trading negative or positive)
2) 14 period RSI.
3) We will buy the stock/index if EMA 50 > EMA 100 and RSI after dipping
below 50 levels again surges above 50 levels and price would have at least
touched 50 or 100 EMA.Buy would be above the high of the candle whose
RSI is more than 50.You can have a risk reward of 1:2 in any trade. You can
decide the SL as previous swing low and hence according the target.But
generally if the Stocks/Index is trending well it would go to touch previous
high, so would recommend you to trade in minimum two lots.Book profit in one
when we even break even level.
4) Reverse for short.
5) Trade would be initiated after 10 am and no new trade after 3.Of course
you can wait to book profits till 3.25 in you already opened positions .
6) Better to avoid on big announcement days like RBI policy.
Charts are attached for your reference.
You can bend any rule, sparing the basic setup and trade according to your
trading style. I would suggest options trading for newbies and those who want
to generate more return on capital invested. But again trading in options
involves risk too .Never ever average a losing position, just come out when
our SL gets triggered.
The biggest advantage of the strategy is it is purely intraday (of course you
can carry over if you have total conviction in the trend of the Stocks/Index)
and hence no sleepless nights.
Have a good time with your family member’s after market hours……
I would suggest you all to trade intraday as everyday, we get ample trading
opportunities to trade.
Again because of my schedule, sometimes I might not get back to queries on
urgent basis, so all who are trading are suggested to keep tight SL’s. Will do
my every bit to answer all queries.
Last but not the least BE WISE, STAY WISE ….After all its all your hard
earned money so better only you be responsible for any profit/loss from it
rather than depending on any one else…..
Healthy discussion welcomed and seniors expected to innovate to make
trading a pleasurable experience for all of us.
I am not at all an expert in posting things (my language, charts posting, etc…),
so please bare with me…..
Regards and Happy Trading…..

From: Chintan Savla at 11:45 AM - Dec 23, 2013( 4 months ago )


From: Chintan Savla at 11:56 AM - Dec 23, 2013( 4 months ago )

From: Chintan Savla at 11:58 AM - Dec 23, 2013( 4 months ago )

One more observation which I forgot to mention.


Price touching 50 EMA before our action gives a good
oppurtunity
But price touching 100 EMA before our action gives the
BEST oppurtunity..
From: Chintan Savla at 12:13 PM - Dec 23, 2013( 4 months ago )
From: Chintan Savla at 12:28 PM - Dec 23, 2013( 4 months ago )

Bank Nifty Spot chart of yesterday(i.e.20 th December).Continuing the up trend today.This is what I meant by swing trading position.As our postion was almost 100 points in our favor, if we would booked part
profits and carried the rest today ,uptill now,we would have got more than 125 points today too..
From: Chintan Savla at 12:37 PM - Dec 23, 2013( 4 months ago )
From: Chintan Savla at 12:46 PM - Dec 23, 2013( 4 months ago )
From: Chintan Savla at 01:00 PM - Dec 23, 2013( 4 months ago )
From: Chintan Savla at 01:04 PM - Dec 23, 2013( 4 months ago )
From: Chintan Savla at 01:14 PM - Dec 23, 2013( 4 months ago )
From: Chintan Savla at 10:13 AM - Dec 26, 2013( 4 months ago )

One more Observation....


The first pullback immedieately after an
crossover is highly profitable to trade and
gives good results.....
In Reply to above Message (1 to 20 out of 91) | First | << Previous | Next >> | Last |

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From : Noorul Rabi at 11:45 PM - Apr 19, 2014 ( about 8 hours ago )
Good strategy
thanx for chinta ji
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From : Rupeassh Agrawaal at 11:31 AM - Jan 13, 2014 ( 3 months ago )
Hi Chintan
Wana talk to you regarding Algo Trading. Please give me your numbre or call me
at 8447613243. In the mean time you can visit www.infinityalgo.com
Regards

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From : Chintan Savla at 06:58 PM - Jan 02, 2014 ( 4 months ago )

@ Yogesh....
Yes Yogesh lets see whats in store in coming days.
Today after breaking the trendline it again got reversed
from thr trendline from 6232 levels.

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From : Yogesh Dadkar at 06:54 PM - Jan 02, 2014 ( 4 months ago )
Chintan ....same support i am feeling for nice bounce........

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From : Chintan Savla at 03:29 PM - Jan 02, 2014 ( 4 months ago )
@ Abhinav Sorry can not confirm it...
Follow this advice:-
1)Always see cash charts.
2)Trade in liquid counters especially LIX index counters(refer my main post)
@Rajkumar..Call sharekhan guys and tell them what you want.sorry its due to our communication gap....
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From : Abhinav Kapoor at 03:17 PM - Jan 02, 2014 ( 4 months ago )
Ah yes,I was referring the Future charts.My Mistake Chintan.Can you advice if the other trades done were according to the strategy?

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From : Rajkishore Sahoo at 03:16 PM - Jan 02, 2014 ( 4 months ago )
chintan ji
pls provide the steps in tt,which one u provide it is not worked

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From : Chintan Savla at 03:08 PM - Jan 02, 2014 ( 4 months ago )

@ Abhinav Why was nifty future order placed above


6392...
hope you are not refering future charts.....

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From : Abhinav Kapoor at 03:06 PM - Jan 02, 2014 ( 4 months ago )
Agree Chintan
I traded in below today.
1) Auropharma sell at 393.25 ---time 10:10 profit booked at 391.25
2) Crompton buy at 131.25 -- time 11:05 profit booked at 132.25
total profit of the day 8000/-
I placed a buy order for nifty futre at above 6392 which never triggered.
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From : Chintan Savla at 02:38 PM - Jan 02, 2014 ( 4 months ago )

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From : Chintan Savla at 02:23 PM - Jan 02, 2014 ( 4 months ago )

NO BUY GENERATED IN NIFTY OR BANK NIFTY


TODAY ....
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From : Abhinav Kapoor at 02:13 PM - Dec 31, 2013 ( 4 months ago )
Chintan please check your inbox.

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From : Abhinav Kapoor at 12:37 PM - Dec 31, 2013 ( 4 months ago )
SL in ITC and JSWSTEEL

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From : Abhinav Kapoor at 12:18 PM - Dec 31, 2013 ( 4 months ago )
Please check your inbox Chintan.
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From : Abhinav Kapoor at 12:05 PM - Dec 31, 2013 ( 4 months ago )
Hi Chintan,
I have dropped message in your inbox.Please read and reply.

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From : Abhinav Kapoor at 11:55 AM - Dec 31, 2013 ( 4 months ago )
banknifty triggered at 11445
sl 11525
tgt 11405

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From : Abhinav Kapoor at 11:52 AM - Dec 31, 2013 ( 4 months ago )
heromotocorp triggered at 2087
tgt 2071
sl 2100

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From : Abhinav Kapoor at 11:45 AM - Dec 31, 2013 ( 4 months ago )
DLF sell trigered at 167
sl 168
tgt 166

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From : Kirankumar Hb at 11:44 AM - Dec 31, 2013 ( 4 months ago )
hi bro
cash(spot) price and future price on same expiry will be same or changes is ther?

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From : Abhinav Kapoor at 11:02 AM - Dec 31, 2013 ( 4 months ago )
Sell order placed for bank nifty below 11445

On the chart first press S and select RSI than click on Apply and close. Desired Parameters are there by
default.Than click close.
Again press S on the chart and select Average .Change the value to E from S in Avg type column and
change the value to 50 from 10 in Avg period column , click apply .than similarly change the value to
100,change the colour of EMA 100 from Sub graph options.After doing this click on apply and close.
Click Ctrl+Shift+G on the chart to save these settings....