This is one of the effective method for earning simple money in Nifty.The underlying factor is ATP called Average Traded Price meets current price.This is actually the price where most of the traders are trading.
So my strategy is that i will notice the ATP of Nifty at 9.30 am after the initial swings of the market opening.
Suppose Nifty future is at 7500 and ATP of Nifty future is at 7490.I put a simultaneous Buy and Sell order at ATP minus 40 and ATP plus 40.Stop loss will be 50 point for both sides.And Profit order will be 50 points.
Let me illustrate this with one real time exapmle.
On March 11 at around 9.30 ATP of Nifty future was 7490.I put a Sell order at 7530 with Stop loss as 7580 and put a buy order ar 7450 with sl as 7400.
Actually on that Nifty future made a high of 7544 and my sell order got executed at 7530.Then nifty fell down and hit low of 7547.That time My buy order also got executed and then market bounced!!So i got profit from both buy and sell order!!Also my profit target of 50 points was met easily and i got total 100 point profit in Nifty!
So my strategy is that i will notice the ATP of Nifty at 9.30 am after the initial swings of the market opening.
Suppose Nifty future is at 7500 and ATP of Nifty future is at 7490.I put a simultaneous Buy and Sell order at ATP minus 40 and ATP plus 40.Stop loss will be 50 point for both sides.And Profit order will be 50 points.
Let me illustrate this with one real time exapmle.
On March 11 at around 9.30 ATP of Nifty future was 7490.I put a Sell order at 7530 with Stop loss as 7580 and put a buy order ar 7450 with sl as 7400.
Actually on that Nifty future made a high of 7544 and my sell order got executed at 7530.Then nifty fell down and hit low of 7547.That time My buy order also got executed and then market bounced!!So i got profit from both buy and sell order!!Also my profit target of 50 points was met easily and i got total 100 point profit in Nifty!
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