Sunday, December 23, 2007

Make 4k per day -trade nifty options-strategy

Gentlemen,

Following is an idea.
it works for me.
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Nifty shot up 50 points and my trading profit is 500 rupees only

Why so low?

Because
YOU NEVER TRADED NIFTY ITSELF.
YOU did not know where to begin
you did not have dynamic support and resistance chart readily available to you.
you did not have enough money
you did not know that call or put which haS MAXIMUM TRADING RANGE AND VOLUME

SOLUTION
Trade nifty options
or nifty futures with more risk

Data needed
LIVE Nifty index movements chart
option call or put with highest number of contracts traded price data
support and resistance chart for nifty and
SUPPORT RESISTANCE FOR option traded
broker with lowest brokerage,like reliancemoney,option brokerage rupees 1 per option

PROBLEMoption PRICE chart not available
NIFTY CHART WITH DYNAMIC SUPP RESISTANCE IS NOT AVAILABLE
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How chart should look?

like this below one

http://www.ensignsoftware.com/help/dyo.htm

see dynamic support and resistance chart
this gives a pivot too
shows 60min low and 60min high lines
resistance 1 = R1 is shown
market making new highs=demand increasing = START BUYING
market making new lows=supply increasing=START SELLING
is there a safe zone to buy and sell?
yes
from dark red line to light green line ON CHART =1201 buy 1203 sell, 1203 sell 1201 buy
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1 ,max trade contract call option 6000 strike IF UP or nifty put option 5800 strike IF DowN
2.range say 300 to 340 =OF OPTION PRICE
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strategy
in uptrend example shown
use this chart, only after a channel is setup up or down
http://www.financial-spread-betting.com/Money-management.html
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idea
is make 4k a day(12 days IN A MONTH, losses if any 8days)
1 Decide safe number of contracts to buy- 3,3,3 or 4,4,4
2 Profit and risk level set by first hour range =say 25% of range(7 rupees if range is 30)
3.Emergency precations to be taken if mkt crashes

WHAT EXCEPTIONS?
NIFTY OPTIONS TRADING NUMBER IS MAX 40000 CONTRACTS A DAY.

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