nse opens for retail traders at 9.15am
there is almost always a small stampede in one direction after opening.
this mad rush remains for 15 odd minutes (rarely for 30minutes).
market almost inevitably
retreats after this
full or partial.
if someone takes reverse position at this first turn
he is likely to get
a quick profitable ride
possibly all the way back to the opening tick.
if it doesn't go back all the way
then profit can be booked midway.
if it turns back after retreating somewhat
entry point should be used as stop loss.
if it crosses stop loss
reverse position can be taken
albeit very cautiously and with strict stop loss.
--
caution: since this is like a 100meter sprint
attempt this with high speed online demat connection only
with 110% attention
and after practice for a few days
with small lot.
1 comment:
Thx sir. These are called GAP trades. I oftenly used to do it with market profile,value areas. 7 out of 10 times these are profitble trdes.
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