My self invented technique to predict the NIFTY movements intra day is based on the theory of consolidation.
The meaning of consolidation in share market is
“Consolidation is the term for a stock or security that is neither continuing nor reversing a larger price trend. Consolidated stocks typically trade within limited price ranges and offer relatively few trading opportunities until another pattern emerges”
In Derivative market (NIFTY and Bank NIFTY) this consolidation happens frequently, after this consolidation the market breaks out. But my theory is to use the previous consolidations to predict the movement of the present day movement
In this technique i don't use many studies and strategies. This is because if you use many technical tools to fix a trade automatically you get confused in fixing the trade. Because one technical tool gives you a buy signal and other tool gives you a sell signal.
Moreover my technique is more suitable for INTRA DAY trading rather than positional trading
I suggest to trade in options because with a minimum investment of Rs.15000 you can make decent profits
The meaning of consolidation in share market is
“Consolidation is the term for a stock or security that is neither continuing nor reversing a larger price trend. Consolidated stocks typically trade within limited price ranges and offer relatively few trading opportunities until another pattern emerges”
In Derivative market (NIFTY and Bank NIFTY) this consolidation happens frequently, after this consolidation the market breaks out. But my theory is to use the previous consolidations to predict the movement of the present day movement
In this technique i don't use many studies and strategies. This is because if you use many technical tools to fix a trade automatically you get confused in fixing the trade. Because one technical tool gives you a buy signal and other tool gives you a sell signal.
Moreover my technique is more suitable for INTRA DAY trading rather than positional trading
I suggest to trade in options because with a minimum investment of Rs.15000 you can make decent profits