BANKNIFTY NIFTY ORB 15 MIN +RSI +ADX SIMPLE STRATEGY

Today I present simple strategy for earning good Risk Reward strategy.

We all know first 15 min big bulls and big bears fight forming a Range in first 15 mins. This 15 min ORB gives range which on breakout has a high probability of continuation on that side rest of the day.

 

Over the years this breakout also has some false breakout with not enough juice to continue the trend.

So two indicators simple ones will be used here.

1. RSI must be above 50 for buy breakout to be successfull but not above 80 for overbought scenerio and below 50 for sell breakout to … Read the rest

Intraday EMA + Supertrend 5 min strategy

Now this strategy is very simple and effective. We need a trending stock or index first not in a range bound.

1. 5 min timeframe

2. Supertrend with setting (5, 1.5)

3. Ema 48 period with High for plotting

4. Ema 48 period with low for plotting

 

Strategy is simple:

 

1. Ema forms a channel, when stock(trending stock not sideways) above channel we look for buy entries and when below we look for sell entries.

2. We only take buy entries when a green candle touches supertrend support line and  above EMA channel.

3. We only take sell entries when red candle tocuhes supertrend  suppport/resistance line … Read the rest

 

Increase success rate of ORB 15 Min

1. Use open high low. If open = low and enter when it crosses high and if open = high then enter when it crosses low.
2. Use CPR strategy for narrow range cpr stocks and jackpoy cpr stocks for more accuracy.
3. Selects NR4 or NR7 stocks with inside candle breakout of high and low of NR7 Or NR4 candle with ORB.
4. Stocks that open above previous day high(buy) or previous day low(sell)
5. On daily chart if stock is above 10 ema then go for buy side and if less than 10 ema then sell side. (Don’t go against major trend.)
6. When you select stocks make sure that ADX is more than 40 which

… Read the rest

Agenda

Let’s keep it simple, in market there are people who want quick buck and some who would need monthly stable income.

A lot of my friends ask me as to what is the safest strategy in option trading to earn a 4% profit monthly?

I ask them normally what they mean by safest strategy

a) the strategy has a high win probability

b) the strategy is not open to unlimited loss

Now let’s go into details of strategy planning.

It can be called “Max pain iron butterfly plus iron condor strategy” Or simply ” Max iron” ( my own name) in simple terms.

1. Now we know only option sellers make money consistently and buyers

… Read the rest

Adx directional index indicator for catching the momentum

So most trading platforms actually have two different versions of the ADX indicator, which is where many people get confused when adding it to their charts. The first version of this indicator only has only one line on it, which is the ADX line itself. This version of the indicator can usually be found by simply clicking on “add indicator” and then searching for ADX.

The second version of this indicator has 3 lines, which are the ADX line, the Positive Directional Indicator (which can be abbreviated to +DI), and the Negative Directional Indicator (which can be abbreviated to -DI). Now to get this version of the indicator on your charts, you … Read the rest

What is Options Max pain Strategy?

What is Option Max Pain?

It is always seen that 90%+ options expire out of the money. Since most options buyers lose money in options trading, the price of the underlying stock somehow must be adjusted / manipulated to close in a way that benefits option writers at the time of options expiry. This is basis for Option max pain point where the loss incurred by options buyers is also termed as “Options Pain”.

How does Options Max Pain work?

On option expiration day, the underlying stock price often moves toward a point that brings maximum loss to option buyers. This is how the Option Max Pain work.

Options Traders can utilize this concept … Read the rest

Open Interest

If a buyer and seller come together and initiate a new position of one contract, then open interest will increase by one contract. Should a buyer and seller both exit a one contract position on a trade, then open interest decreases by one contract. However, if a buyer or seller passes off their current position to a new buyer or seller, then open interest remains unchanged.

Open interest is just the contracts that are created(buy of 1 lot and sell of 1 lot will give 1 Open interest) are created. If an options contract exists, it must have had a buyer and also for every buyer, there must be a seller since you cannot buy something that is … Read the rest

BankNifty weightage cpr strategy

The NIFTY Bank Index includes the most liquid and significant banking firms in India. It serves as a benchmark for investors and market intermediaries, capturing the capital market performance of Indian banks. The Index includes a maximum of 12 companies that are publicly traded on the National Stock Exchange of India (NSE).
The free float market capitalization approach is used to calculate the NIFTY Bank or BankNifty Index.

As on December 31, 2021 Constituents and Weightage

         Company’s Name                               Weight(%) 

1. HDFC Bank Ltd.                                           27.80
2. ICICI Bank Ltd.                                           22.62
3. Kotak Mahindra Bank Ltd.                         11.61
4. Axis Bank Ltd.                                              11.52
5. State Bank of India                                      11.45
6. IndusInd Bank Ltd.                                      5.91

Above six stocks are the main CONSTIUENTS of banknifty Total weightage … Read the rest