• Trading Account
  • Downloads
  • Nifty Options OI
    • Nifty Max Pain Chart
    • Nifty Option Change in OI Chart
    • Nifty Put Call Ratio
    • Nifty Option Total Change in OI
    • Nifty Trend Finder
  • BankNifty Option OI
  • About Us
  • Learn Technical Analysis
    • Advance Option Trading Course

OurNifty.com

A Indian Stock Market Blog

  • Forex
  • Gold
  • Intraday Stocks
  • Midcap Stocks
  • Multibagger
  • Nifty
  • Nifty Option
  • NSE
  • Amibroker

Trend Following Trading System for Nifty Future and Bank Nifty Future

By Bhaveek Patel 2 Comments

If you are a trader your first priority will to know the overall trend, if you are a nifty future trader or bank nifty future trader you must have an idea which way market will be moving. You need to take the position in direction of daily trend and not against it; these are one of the principles of a successful professional trade. You will need a charting software and EOD data for nifty future and bank nifty future, on charts you will first of all place an indicator named slow stochastic. This indicator will be used to get us entry signals on nifty future and bank nifty future. Steps to follow:
1. Look for the trend; find out the trend on daily chart by simple observation. We will need only uptrend or downtrend, no for ranging markets.
2. If trend is up, then you will look only buy crossovers on indicator, if trend is down you will wait for only sell crossovers. Trading in direction of daily trend will make a difference in trading.
3. Strategy to maximize profit will be to keep scaling-in to position till this trend continues. Once there is end of the trend, you will need to exit all your trading positions.

Share1
Tweet
Pin
1 Shares

You Should Read This:

  1. Bank Nifty closed at a crucial decision area, Trading analysis Bank nifty future on last Friday has closed at a important decision level which will give a trading idea for next week. Last Fridays closing was a very important as we have seen a very...
  2. Trading in the direction of the trend using Nifty future Traders I will teach you a trading strategy, in which I will explain how you can make large amount of money with higher accuracy. This strategy will follow principle of “Trading in the direction of...
  3. Bank Nifty Future Trading Strategy in Downtrend, Which Banking Stocks to Track Bank nifty future is also another index future traded with huge liquidity on NSE, on daily charts we see bank nifty is in downtrend, hence trading in the direction of daily trend we will look...
  4. Buy Bank Nifty Future near 10580, Trading at Support Short term target 10920 Bank Nifty future was seen trading lower today around 10580 level, If we look at spot level it was at 10480. This 10480 is very important support level we are expecting bounce from here and...
  5. Nifty Futures follows its last week trend, Trading down by about 130 points, We advice trade short in Nifty Future Nifty futures continues its last week trend, today its again down by about 130 points this is more than 2% fall, Even the Asian markets are trading lower today. The closing that we have seen...

Category: Nifty Tags: Bank Nifty Future/ Nifty Future/ Trading System

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. jay says

    pls call me if you have any pos. trading system in nifty & bank nifty which gives consistant return from last many years with back testing data my cell num 09879360157 jay shah

    Reply
  2. George Papazov says

    Thanks Bhaveek for this beautiful article. I enjoy reading this. I appreciate your thoughts and ideas. This is really praiseworthy.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Previous Post: Find the Trend of Nifty Future Using Daily Chart Technical Analysis
Next Post: Trade Nifty Future Using Fibonacci Support Resistance Levels with High Accuracy

Advance Options Trading Course

options trading course

Lowest Brokerage Trading A/c

Lowest brokerage trading account opening in India

Learn Technical Analysis

technical analysis course

Recent Articles

  • ASX Penny Stocks List for 2023
  • 7 Ways to Boost Your Revenue
  • NYSE Penny Stocks List for 2023
  • Short On Cash? Here’s How You Can Manage Your Priority Spends
  • FREE Webinar on Option Chain Analysis
  • LSE Penny stocks list for trading in 2023 Should you buy?
  • BSE Penny Stocks List 2023

Popular Categories

Amibroker Finance Forex Gold Intraday Stocks IPO Midcap Stocks Multibagger NEWS Nifty Nifty Option NSE Short Term Stocks Technical Analysis

About Us | Contact Us | Privacy Policy | Disclaimer


Copyright © 2009 - 2023 OurNifty.com Trading ideas published here cannot be reproduced without permission from the author.
OurNifty is Powered by Wordpress and hosted on Digital Ocean