If you look at the current trend of Nifty future with respect to the today's session,the day before yesterday it was a clean bear day,yesterday is a bull day,but today the Nifty future shows a OPEN_HIGH as follows.
Today's Open level: 8650
Today's High level : 8667 (only 17 points just above open level)
When you compare the day-low and close level it shows the following levels.
Today's Day-Low level: 8580
Today's Close level : 8603 ( only 23 points just above day-low level)
So the today's market can be referred as a direction-less market.
In such a condition, apply the 4x4 drive formula.
We fix this name for this strategy that if you look at a four wheel drive of a jeep or SUV, all four wheels will be used in a drive when the vehicle goes in a forest with road-less or on a mud pat.
Here how to apply 4x4 formula for Nifty futures trading.
Let us consider the following Nifty levels which are associated with the present Nifty position.
Let 8600 can be taken as a mid-point and consider three more levels above and below this mid point as follows.
8300 - 8400 - 8500 - 8600 - 8700 - 8800 - 8900
So buy the following combination of CALL and PUTs
8600CE and 8600PE
8700CE and 8500PE
8800CE and 8400PE
8900CE and 8300PE
So you are buying four sets of CALLs and four sets of PUTS
After buying this calls and puts your if the market is linear or go straight your holding time is half- trading session, if not your holding time will be one to two trading session. The condition is where ever possible,offload all profit call or put and only hold the positions which are in loss up to expiry.
When there is a market reversal is appears in the market ie the trend favors to your positions in loss exit all positions.
Visit our blog regularly, we shall publish more strategies and trading ideas openly.All of our ideas and formulas are drafted from our own knowledge and research we are not liable for any loss occur in your trading.
If you want to learn more trading secrets join our correspondence course.All the best.
This is a fast money making secret group only for HNI & wealthy
investors & high profile traders.Get guidance,accurate trading tips in
Nifty / Bank Nifty / Stock futures & Options and equity.
https://www.facebook.com/groups/465365946972776/
The subscription for one year is Rs 25555/-
Remit subscription at the following bank a/c and contact at inbox with
your facebook ID.t&c apply.
Bank particulars:
T.A.Vijey
Saving a/c No: 11770100005308
UCO Bank
Branch name:K.K. Nagar
IFSC/RTGS code: UCBA 000 1177
amount:Rs 25555/-only.
Remit by NEFT or IMPS transfer from any bank.
ConversionConversion EmoticonEmoticon