Here is another simple Day Trading technique i have been using since long with high success rate.
Many people use this technique consciously / subconsciously in part or full.
Although people use different names for it, I call this technique as
"Kneel and Jack"
Before explaining this simple technique, let me share what i mean with 'kneel' and 'jack'.
Have you seen a slave kneel before his master?....now u know the 'kneel'.
Have used a jack to change the car tyre?....now u know the 'jack'.
Now i share this 'kneel and jack' technique.
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Lets assume the nifty had started an unmistakable up-trend yesterday.
It was, therefore, expected to continue to rise today.
But,
due to temporary news-based weakness in global markets, it opens with gap-down!
in other words, the slave 'nifty' has been "kneeled" by the master 'global markets'.
Buy nifty on opening under this situation.
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Similarly,
Lets assume the nifty had started an unmistakable down-trend yesterday.
It was, therefore, expected to continue to decline today also.
But,
due to temporary news-based strength in global markets, it opens with gap-up!
in other words, the slave 'nifty' has been "jacked" by the master 'global markets'.
Short nifty on opening under this situation.
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