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1 SD formula is giving success in weekly forecast, from last 119 weeks. Below levels is the weekly level for NIFTY future and bank nifty future for 135th week (i.e. 2nd to 6th April 2018).
What is 1SD formula?
Nifty future of ril 2018 expiry last recorded trade is 10153.50, we are going to find the weekly trend hence days will be 7 calendar days(including Saturday+Sunday).
NIFTY Future trend for 2nd to 6th April 2018
|1 SD Price Range||157.77|
|Up Trend||Down Trend|
Trend expectation as per 1SD method:
UPTREND conformation 10190.73, Successful cross-over above 10251 will target rise till 10293.6-10348.5-10408.77.
DOWNTREND conformation 10116.27, Successful fall below 10056 will trigger fall till 10013.4-9958.5-9898.23
RANGE-BOUND trend identification: If all up move invites sale above 10251 and all down move invites short covering at 10056 level this indication is sufficient to conclude that the price action is in the range of 10251 to 10056
What trade decision one trader should take?:
- Buying above 10190.73
- STOP-LOSS 10116.27,
- HEDGE by buying put option of strike below 10116.27, for initial target 10251
- Selling future below 10116.27
- STOP-LOSS 10190.73,
- HEDGE buy buying call option of strike above 10190.73, for initial target 10056 is advisable.
Note:These levels are weekly levels hence hedge the position with option for better money management. For intraday, better use our 1SD paid software.
How to trade this week NIFTY future levels?
On Monday or any time during the week if nifty 10190.73 cross then you buy the nifty future with 10116.27 put option long. If it achieves the 1st target 10251 during the day or any point during the week revise your stop loss to 10213.77 and hold the trade. If the 2nd target 10277.51 achieved, revise the stop loss to 10232.38 and hold the trade. If the 3rd target 10293.6 achieved, then trail or revise the stop loss to 10277.51. Continue this till last target is not achieved or trailing stop loss is not triggered. If trailing stop loss trigger, then close the hedging option position also.
After you initiate the buy trade
If the trend changes and stop loss 10116.27 hits then close the option trade, future long trade and enter the fresh trade in nifty future short and 10116.27 call long.
If your trade is with the option hedge and future has reached the stop loss, then do not quit the trade in hurry better wait for conclusive price crossover of 0.382 retracement or for the closing session 3:15 to 3:30 then decide.
You can also implement any other option strategy by the way of writing the options to protect the future trade.
Get our complete option course to learn options.
Note:I am using the call long simple option strategy to demonstrate hedging principle in trade. However, you can write the option also and do any complex strategy to protect the trade.
BANK NIFTY Future trend for 2nd to 6th April 2018
|1 SD Price Range||462.59|
|Up Trend||Down Trend|
What trade decision one trader should take? Buy above 24536.71 with stop loss 24183.29 for initial target 24645.88. Use the 24469.17 put option buy with long future or 25108.48 call option sell with long future to hedge the trade. If you sell it at 24183.29 hedge it with 24128.7 call or sell below23611.52 put option. Since 0.236 price giving triggering in bank nifty because of its high base value I am changing the entry point to 0.382 price point.
Conclusion: If you look the daily price point in the chart and compare with the weekly levels we have given, you will find our calculated point worked as point of pressure some time and point of revival some time.
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