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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. 28th to 31st May 2018).
What is 1SD formula?
Nifty future of May 2018 expiry last recorded trade is 10608.50, we are going to find the weekly trend hence days will be 7 calendar days(including Saturday+Sunday).
NIFTY Future trend for 28th to 31st May 2018
|1 SD Price Range||119.04|
|Up Trend||Down Trend|
Trend expectation as per 1SD method:
UPTREND conformation 10636.59, Successful cross-over above 10682.06 will target rise till 10714.2-10755.63-10801.1.
DOWNTREND conformation 10580.41, Successful fall below 10534.94 will trigger fall till 10502.8-10461.37-10415.9
RANGE-BOUND trend identification: If all up move invites sale above 10682.06 and all down move invites short covering at 10534.94 level this indication is sufficient to conclude that the price action is in the range of 10682.06 to 10534.94
What trade decision one trader should take?:
- Buying above 10636.59
- STOP-LOSS 10580.41,
- HEDGE by buying put option of strike below 10580.41, for initial target 10682.06
- Selling future below 10580.41
- STOP-LOSS 10636.59,
- HEDGE buy buying call option of strike above 10636.59, for initial target 10534.94 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 10636.59 cross then you buy the nifty future with 10580.41 put option long. If it achieves the 1st target 10682.06 during the day or any point during the week revise your stop loss to 10653.97 and hold the trade. If the 2nd target 10702.06 achieved, revise the stop loss to 10668.02 and hold the trade. If the 3rd target 10714.2 achieved, then trail or revise the stop loss to 10702.06. 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 10580.41 hits then close the option trade, future long trade and enter the fresh trade in nifty future short and 10580.41 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.
BANKNIFTY Future trend for 28th to 31st May 2018
|1 SD Price Range||308.88|
|Up Trend||Down Trend|
What trade decision one trader should take? Buy above 26357.99 with stop loss 26122.01 for initial target 26430.89. Use the 26312.9 put option buy with long future or 26739.77 call option sell with long future to hedge the trade. If you sell it at 26122.01 hedge it with 26085.56 call or sell below25740.23 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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