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Multiple time frame analysis for trading Nifty future

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Today I am writing about multiple time frame analysis for trading nifty future. Traders are always classified into 3 categories:

  1. Intraday trader
  2. Swing trader
  3. Positional trader

Traders who prefer to trade on daily basis (intraday trade) must look for the trend on Hourly chart and take their entry positions on 15 minute time frame. Entries can be timed by using momentum indicators in the direction of trend.

For swing trading, traders must watch daily chart for trend and time their entries on 4 hour chart also 1 hour chart can be used to get a better entry point. Even I am a swing trader and I use slow stochastic indicator to taking entries.

Positional traders look for trend on weekly chart and then take your entries based on daily chart, also positional traders can move to 4hour for much better bargain entry. Trader can use free realtime datafeeder for getting live nifty and stocks data to amibroker. Look at the below cheat sheet:

Multiple time frame analysis cheat sheet

I teach these strategies in our technical analysis online course, to know complete details call me on +91-9970777789.

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About Bhaveek Patel

Bhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.

Comments

  1. jack says

    bhaveek bhai,i am struck in nifty,shorted 2 lots at 5320 now 5356,negative 36 points.kindly advise,if i can hold or exit my position.i can hold it till expiry,thanks

    Reply

    • Bhaveek Patel says

      Sir, my only advice will be book loss on short positions, Since trend is up trading idea should be buy on dips. How ever there is some resistance at 5370 level.

      Reply

  2. sarang says

    Sir, I am nifty intraday trader but can hold by trades for 2 -3 days, so on which level is good for buying in nifty. any options strategy for july on nifty or stock option.

    Reply

    • Bhaveek Patel says

      Sarang, you can look for buying nifty around 5200 – 5220 zone for positional target of 5300 in 2-3 days. As of now you can take long positions on sesagoa futures, I am extremely bullish on this stock.

      Reply

  3. Ashwath says

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    And also I request you to have a look on our product which is available on our website which is necessary tool for each Traders / Investors who participate in Indian Stock Market. If you are happy with our product we will be associate for our mutual benefit. For more details please feel free to contact me on my cell : 09916xxxxxx

    Reply

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