BANK NIFTY

DAILY STRATEGY
THESE ARE LAST WEEK 15 MINS
CANDLES
ANALYSIS FROM ABOVE CHART
• LAST WEEK LOW – 24626
• TODAY HIGH - 25411

• MARKET MOVED 785 POINTS

• BUT WHAT WE GAINED..?

• ONLY STOPLOSSES
• SO WHAT ARE WE MISSING..?
OBSERVATIONS FROM LAST WEEK
CONCLUSION OF ANALYSIS
• Opening Gap up or Gap Down
• Then Huge movement only in 1 – 3 candles.
• There after market went sideways
• Our strategy says on 15 mins candles.
• We missed movement of 785 points and actually lost few points.
WHA IS OUR MINDSET IN THIS
SITUATION..?
• SO WHAT COMES TO OUR MIND..?

• Is anything wrong with the strategy..?

• Have we become fools by paying huge amount of Training Fees..?
• Has everything projected to us is wrong..?
BE POSITIVE
• Any Strategy I never wrong.
• There may be times when few things may not at sometime.
• It is just that we have to look beyond it.

• My Whatsapp Status is:

PEOPLE SAY “BE POSITIVE”..
BUT MY MANTRA OF LIFE IS
“CONVERT NEGATIVE ALSO TO POSITIVE..”
CHECK ABOVE CHARTS

WITH OUR SAME STRATEGY

BUT WITH SLIGHT TWIST

9 April – Monday – We exited CTC
12 April – 25100 PE, 12 April Expiry
12th April – Our SL Hit
 STRATEGY
– The Solution

An aim to Convert Negative to

Positive
SIMPLE STRATEGY
REQUIREMENT

Timeframe – 3 minutes
Indicators – RSI (14) & BOLLINGER BAND
Pivot Points – for reference / Targets
STRATEGY SIMPLE RULES
Take current market price Everytime.
Change Charts as per the Price Move
Take OTM – Weekly Expiries
For eg:
If CMP(BN FUTURE) – 25137
Take 25300 CE or 25000 PE
(Lower is better..)
Try to take whose entry price will be around 100.
TRADING
ENTRY

- When RSI crosses 60 (Different Strike Prices RSI may cross different)
- Simultaneously Candle should also CLOSE above Bollinger Band.
- If BB has squeezed and is flat before breakout, it would be best.
- The candle closing above BB & simultaneously RSI crossing 60 will be our alert bar.
- Buy above HIGH of ALERT BAR.
STOPLOSS

• PLEASE NOTE - NOT THE LOW OF ALERT BAR..

• Take the Lowest candle’s Low at bottom of Bollinger Band or Day Low

• If trading at first candle, then Day Low or ALERT BAR low will be SL.
EXIT
1. If there is Sudden Jump IN 5-10 Mins and Candle is too much out of
Top BB, Exit with 40-50 points.

2. Inverted Hammer formed at Top of Bollinger Band. Exit on break of

low of Inverted Hammer.

3. If Double Top formed on Top of Bollinger Band, then exit when low
of Double Top is broken.
BACK TESTING & EXAMPLES
REQUEST
• Atleast watch for a week.
• I may not able to guide, as timeframe is low.
• Hence please get used to it, Do paper trade.
• Keep money management strict Rules.
• Buy Multiple Lots, Keep Booking profit on every 2 lots.
• (Here I mean Reverse of Pyramiding.)
• If 15mins Candle Alert Bar Formed, Enter as per 15mins strategy and can exit
with 3 mins timeframe strategy exit also.
• We have not experienced any rally yet, but once it is there, we also trade as
per 15 mins and do pyramiding also.
QUESTIONS..??????
Thank You..