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KK's method of NIFTY day trading

From : Kripakar Kumble at 05:39 PM - Dec 30, 2011 ( )

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Hi mudraites..

from new year onwards i will be posting my "new method of nifty trading" under this thread.

As always, i welcome your suggestions, comments or criticisms.

Thank you

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This is an effort to find out a new trading method,   to  get a safe trade for the common man who doesn’t have  any  charting  software  or  any other  tools day trading in nifty.  We expect  that  this method can give a decent return in a single trade ( at least 20 points).

We are predicting a trading zone with upper (High) and  lower  (Low) boundary  for the day,  within which we will be trading.  The method is still under observation.

Method to trade :

1)      Enter the trade only if NIFTY enter the above trading zone either from upper side or from lower side whichever comes first once the market opens.  There will be no trade if nifty doesn’t enter our trading zone

2)      All  the level mentioned here are for SPOT NIFTY ( adjust your levels accordingly for F&O trade)

3)      If the open is below the LOWER BOUNDARY,  and cross it and move upwards,  or  the open is just above the LOWER BOUNDARY,  move downward , touch the LOW level and move upwards,  then  BUY

4)      If the open is above the HIGHER BOUNDARY,  and breach it and  move downwards  or   open is just below the HIGH move upward,  touch  the HIGHER BOUNDARY and move downwards,     then SELL

5)      Entry to be made whichever the case comes first once the market opens

6)      In either case,   the STOP LOSS  will be 13 points from the trading zone boundary

7)      If the stop loss is hit,  then there will not be any other trade for the day

8)      This method is applicable only for the first trade of any day (whichever the case come first).

9)      Profit booking can be made once you get 20 to 25 points,  or else a trailing stop loss may be put   to protect at least 12 points profit  and wait for  higher levels.

10)   Any trade which gives 20 points or more will be considered as “successful trade”
 and any profit below 20 points will be considered as  “partial success trade”.

11)   Stop Loss  hit trades will be considered as  “failed trades”

This is not a trading call to anyone.  This post  is purely  for  observatory  purpose. 

Happy trading…!!

Kripakar kumble

A diagram to understand the method ...

http://imageshack.us/photo/my-images/407/smethodforniftydaytrade.jpg/

A small change in the rule for trade entry -

A leverage  of  +/- 3 points at  the entry point is valid.  

Some changes to the method :

1) Change in Stop loss :

Instead of using static stop loss of 13 points, we will use dynamic stop loss point,  which will have along with the trading zone boundaries everyday.

2) Second entry to trade :

In case of stop loss hit in the first trade,  and if nifty enters the trading zone again,   we will go for the trade again as per the levels.

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From : Kripakar Kumble at 06:59 PM - Mar 14, 2012 ( )

Thank u Usain ji...

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From : Usain Bolt at 06:54 PM - Mar 14, 2012 ( )

KK SIR this mthod is really impressive.

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From : Kripakar Kumble at 06:28 PM - Mar 14, 2012 ( )

RESULTS OF  NIFTY TRADING ZONE PREDICTION - 14/03/2012  :-

Today nifty entered our trading zone thru upper boundary around 9.59am. 

Therefore it was a SELL at 5475.  

Nifty made a low of 5440 around 11.45am. 

Squred off the position around 5444.

Therefore it is 31 points profit today with this method.

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From : Kripakar Kumble at 08:49 PM - Mar 13, 2012 ( )

The trading  zone  prediction for NIFTY  for  14/03/2012  :

STOP LOSS  for SELL order =   5489

STOP LOSS for BUY order =  5397

Please note :  High and Low  predicted are not high or low for the day.  These are the entry points for the trade.

Book profits once you get 20 or more points.  Or else put profit locking stop loss with 12 points and wait for higher targets.

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From : Ratnakar Suhan at 05:36 PM - Mar 13, 2012 ( )

sir, 

pls check inbox

thank you 

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From : Kripakar Kumble at 05:11 PM - Mar 13, 2012 ( )

RESULTS OF  NIFTY TRADING ZONE PREDICTION - 13/03/2012  :-

There was no trade today as per this method,  since nifty didnt enter the trading zone throughout the day

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From : Theje Kompalli at 06:35 PM - Mar 12, 2012 ( )

GOOD WORKINGS

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From : Kripakar Kumble at 06:25 PM - Mar 12, 2012 ( )

The trading  zone  prediction for NIFTY  for  13/03/2012  :

STOP LOSS  for SELL order =   5415

STOP LOSS for BUY order =  5329

Please note :  High and Low  predicted are not high or low for the day.  These are the entry points for the trade.

Book profits once you get 20 or more points.  Or else put profit locking stop loss with 12 points and wait for higher targets.

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From : Kripakar Kumble at 05:43 PM - Mar 12, 2012 ( )

RESULTS OF  NIFTY TRADING ZONE PREDICTION - 12/03/2012  :-

Today nifty entered our trading zone thru the upper boundary around 9.30am.  So it was  SELL at 5374.  Nifty made a low of  5327  and squred off the position around 5336.   Therefore it is a profit of 38 points.

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From : Pradeep Meher at 04:09 PM - Mar 12, 2012 ( )

Today's leveles were excelents. Its broke 5374 from above and fall sharply.

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From : Kripakar Kumble at 07:16 PM - Mar 10, 2012 ( )

The trading  zone  prediction for NIFTY  for  12/03/2012  :

STOP LOSS  for SELL order =   5388

STOP LOSS for BUY order =  5300

Please note :  High and Low  predicted are not high or low for the day.  These are the entry points for the trade.

Book profits once you get 20 or more points.  Or else put profit locking stop loss with 12 points and wait for higher targets.

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From : Pradeep Meher at 05:59 PM - Mar 10, 2012 ( )

Very good thread KK sir. I would be following it from next trading day.

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From : Kripakar Kumble at 08:29 PM - Mar 09, 2012 ( )

RESULTS OF  NIFTY TRADING ZONE PREDICTION - 09/03/2012  :-

There was no trade as per this method today,  since nifty didnt  enter our trading zone  throught the day.

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From : Kripakar Kumble at 07:21 AM - Mar 09, 2012 ( )

The trading  zone  prediction for NIFTY  for  09/03/2012  :

STOP LOSS  for SELL order =   5264

STOP LOSS for BUY order =  5164

Please note :  High and Low  predicted are not high or low for the day.  These are the entry points for the trade.

Book profits once you get 20 or more points.  Or else put profit locking stop loss with 12 points and wait for higher targets.

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From : Ratnakar Suhan at 11:53 PM - Mar 08, 2012 ( )

Kripakar ji,

let us know the levels for tomorrow (ie.on friday)....

with best wishes 

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From : Kripakar Kumble at 11:28 PM - Mar 07, 2012 ( )

RESULTS OF  NIFTY TRADING ZONE PREDICTION - 07/03/2012  :-

 Today nifty entered our trading zone,  thru lower boundary around 9.26am.  So it was a BUY at 5200.  nifty made high of 5200 around 9.33. However, nifty came down quickly so that,  could not exit.

Nifty came down and hit our stop loss point of 5186.   so it was -14 points in the first trade. 

Nifty again entered our trading zone,  around  10.24am.  Again it was  BUY at 5200.  NIFTY made a high of 5242.70 and started coming down. Squared off the position at 5234.

Second trade gave 34 points profit.  

One more trade chance was there around 2.51pm  once again nifty entered the trading zone thru lower boundary.  However in our method,  maximum two trades only ( second trade is applicable only if first trade hit the stop loss). Therefore it is net 20 points today.

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From : Kripakar Kumble at 06:34 PM - Mar 06, 2012 ( )

The trading  zone  prediction for NIFTY  for  07/03/2012  :

STOP LOSS  for SELL order =   5275

STOP LOSS for BUY order =  5186

Please note :  High and Low  predicted are not high or low for the day.  These are the entry points for the trade.

Book profits once you get 20 or more points.  Or else put profit locking stop loss with 12 points and wait for higher targets.

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From : Kripakar Kumble at 04:32 PM - Mar 06, 2012 ( )

RESULTS OF  NIFTY TRADING ZONE PREDICTION - 06/03/2012  :-

Today nifty entered our trading zone around 9.30am thru the lower boundary.  Therefore it was a BUY at  5256.  After this NIFTY made a high of  5335 around 9.48am almost in one way move.    

Squared off at 5318   which is  62 points profit. 

There was a chance for second trade also, when nifty entred our trading zone thru the upper boundary 5306 around 12.45pm. And this trade would have give another 60+ points.

However,  as per this method,  only one trade a day.  So only 62 points profit today.

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From : Kripakar Kumble at 11:24 PM - Mar 05, 2012 ( )

The trading  zone  prediction for NIFTY  tomorrow -   ie. on 06/03/2012  :

STOP LOSS  for SELL order =   5320

STOP LOSS for BUY order =  5242

Please note :  High and Low  predicted are not high or low for the day.  These are the entry points for the trade.

Book profits once you get 20 or more points.  Or else put profit locking stop loss with 12 points and wait for higher targets.

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From : Kripakar Kumble at 11:20 PM - Mar 05, 2012 ( )

RESULTS OF  NIFTY TRADING ZONE PREDICTION - 05/03/2012  :-

There was no trade today as per this method,   since nifty didnt entery our trading zone thoughout the day.

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