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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

*****************************************************************

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 : Mohan Joseph at 08:22 PM - Jan 25, 2012 ( )

Thumbs Up.Great going !!

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From : Jodhan Pot at 08:07 PM - Jan 25, 2012 ( )

Great service sir,

Is it possible to share the calculation of high and low of your method so that we can also try

Thanks

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From : Vasudeva Ramanuja at 08:02 PM - Jan 25, 2012 ( )

Wonderful service to the members of Mudraa.

Keep it going sir, i am a silent watcher of your thread.  Daily i make us of your levels

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From : Kripakar Kumble at 06:28 PM - Jan 25, 2012 ( )

Summary of Trades for last one month from 22/11/2011  to 25/01/2012

Now it is two months,  we have been observing this method.  It is time  to summarise  what happened  with this method in the last two months. 

Total  trading zone  Predictions                  =  38

Total Trades initiated                                 =  27    (11 days,  nifty didn’t enter our trading zone )

Total successful  trade                                =   20

Success %                                                  =  74.07

Partial success trades                                  = 2

Partial Success %                                      = 7.41

Total success %                                        =  81.48  

Total points  gained ( net )                           = 583

Assuming that  1 lot is traded, then the

Profit amount                               Rs.          =  583 x 50  =  29150.00

With 2 lots traded,  profit             Rs.         = 58300.00           

Note :

This profit points are based on the method of only one trade per day. 

As we noticed,  on stop  loss hit days  and  on simple 20+ points profit days,   there  were many days where we had a chance  for a second trade which would have given approximately  40+ points per trade.

In such cases the profit point would have been more than 583+ points.

Thank you all whoever has observed this method keenly.  I need some time to analyse  and  to see whether  there is any scope for improvement in this method.   If  I could find something to improve this method,  I will make those changes to this method and post it.  Otherwise  same old method will continue.

Thank you

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From : Prabu P at 06:01 PM - Jan 25, 2012 ( )

Thanks

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From : Kripakar Kumble at 05:55 PM - Jan 25, 2012 ( )

RESULTS OF NIFTY  trading zone predictions for today - 25/01/2012 :

Prediction of  NIFTY trading zone  for  today   was :    HIGH= 5151          LOW= 5101

Actual range of NIFTY  today was

observation :

1)      Today nifty entered our trading zone through the upper boundary immediately on opening around 9.16am  and hold on there for more than 3 minutes.

2)      So,  it was a SELL  at 5151.

3)      Nifty made a low of  5131.25  around 10.30am  which a 20 points profit.

4)      However, nifty could not move down further,  it started moving up again.  Booked the profit around 5135.  Hence got only 16 points profit.

5)      As per this method,  only one trade a day and got only 16 points as profit.  Therefore the trade is a partial success today.

Performance table from  23/11/2011  to  25/01/2012   :  

Success  % :

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From : Dilip Nilekar at 08:22 AM - Jan 25, 2012 ( )

Good Morning !!!

Good work . Keep it up.

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From : Kripakar Kumble at 08:12 AM - Jan 25, 2012 ( )

The trading  zone for NIFTY  tomorrow  ie. on 25/01/2012  :

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From : Kripakar Kumble at 07:56 AM - Jan 25, 2012 ( )

There was no trade today as per this method,  because nifty didnt  renter our trading zone after crossing the upper boundary.

Performance table from  23/11/2011  to  24/01/2012   :  

Success  % :

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From : Muthusamy Ranganathan at 05:49 PM - Jan 23, 2012 ( )

SirToday I made 15 points from from lower side. Thank u very much friend.

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From : Kripakar Kumble at 05:40 PM - Jan 23, 2012 ( )

The trading  zone for NIFTY (spot)  on  - 24/01/2012  :

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From : Mohan Joseph at 05:40 PM - Jan 23, 2012 ( )

Thank you.Missed it today.The date should read as 24 Jan.

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From : Kripakar Kumble at 05:36 PM - Jan 23, 2012 ( )

This Message is deleted by Kripakar Kumble.

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From : Sandeep Khatri at 05:33 PM - Jan 23, 2012 ( )

Appricate your efforts.... most consistently and mannerly updated thread with track of Performance.

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From : Kripakar Kumble at 05:15 PM - Jan 23, 2012 ( )

RESULTS OF NIFTY  trading zone predictions for today - 23/01/2012 :

Prediction of  NIFTY trading zone  for  today   was :    HIGH= 5094          LOW= 5027

Actual range of NIFTY  today was

Observation :

1)            Today Nifty entered our Trading zone through the lower boundary immediately after opening  around 9.17am and hold on there for more than 3 minutes.. So it was a BUY aroun 5027.

2)            Nifty made a high of 5057.90 around 9.40am which is approx 30 points profit.

3)            Nifty started moving down from there.  So booked the profit at 5051 which is 24 point profit.

4)            After coming down a bit, nifty moved in a narrow range and again made a high of 5056.50 and finally closed around 5046.25

5)            According to this method, only one trade a day. So 24 points profit today.

Performance table from  23/11/2011  to  23/01/2012   :  

Success  % :

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From : Kripakar Kumble at 06:41 PM - Jan 22, 2012 ( )

The trading  zone for NIFTY (spot)  on  - 23/01/2012  :

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From : Mohan Joseph at 07:56 PM - Jan 20, 2012 ( )

Lets hope Monday will be good.RIL results are disappointing and hence markets may go down more than expected on 23 Jan 2012.Thank you Mr Kumble for the good effort put in.Kindly keep it up.

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From : Kripakar Kumble at 04:39 PM - Jan 20, 2012 ( )

RESULTS OF NIFTY  trading zone predictions for today - 20/01/2012 :

Prediction of  NIFTY trading zone  for  today   was :    HIGH= 5067          LOW= 4994

Actual range of NIFTY  today was

Observation :

1).  There is no trade today as per this method ,  as Nifty didn’t enter our trading zone boundary    throughout the day.  We missed the trade narrowly,  as nifty came almost near to our boundary line but didn’t touch the boundary.

Performance table from  23/11/2011  to  20/01/2012   :  

Success  % :

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From : Sarvesh Singh at 07:12 PM - Jan 19, 2012 ( )

                     Really Appreciating and Sincere Effort

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From : Kripakar Kumble at 07:08 PM - Jan 19, 2012 ( )

The trading  zone for NIFTY (spot)  on  - 20/01/2012  :

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