earlier i was fan of trading in nifty.
i still am.
but recently
i have developed an affinity of trading in bank nifty.
below i share some of the reasons for the same.
movement
8 out of 12 months it gives a swing of 1000 points per month.
12 out of 12 months it gives a swing of 500+ points (intra-month)
(this is much more than in nifty)
options
options are available and have reasonably good liquidity.
(trading in futures has severe limitations)
"true" movement
since this is an index and not one stock, it has "true" movement as indicated by indicators unlike stocks where technicals are often bulldozed by various factors.
-
all you need to do is, try and time the highest or lowest point with indicator combination and with combination of charts of different time periods.
-
i strongly suggest trading in bank nifty (instead of stocks or nifty) with call options (instead of futures) for new comers who have achieved reasonable proficiency in atleast two technical indicators.
i still am.
but recently
i have developed an affinity of trading in bank nifty.
below i share some of the reasons for the same.
movement
8 out of 12 months it gives a swing of 1000 points per month.
12 out of 12 months it gives a swing of 500+ points (intra-month)
(this is much more than in nifty)
options
options are available and have reasonably good liquidity.
(trading in futures has severe limitations)
"true" movement
since this is an index and not one stock, it has "true" movement as indicated by indicators unlike stocks where technicals are often bulldozed by various factors.
-
all you need to do is, try and time the highest or lowest point with indicator combination and with combination of charts of different time periods.
-
i strongly suggest trading in bank nifty (instead of stocks or nifty) with call options (instead of futures) for new comers who have achieved reasonable proficiency in atleast two technical indicators.
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