here is a website i thought i must share with you all.
traders can use it to crosscheck before they take trades in nifty or bank nifty.
also, if you were not to use this as a cross reference but to actually use it exclusively to trade then just one word of caution:-
don't follow it in bits and pieces.
either follow it like a machine
or don't.
caution : whipsaws are a lot (as mentioned by rajandran - profit ratio is 42%.)
but the size of profits take care of everything.
hope this site and the concept behind this gives you a clue to your "holy grail"
- as holy as it can be!
(busy these days in devising some tactical trading win-win method based on option spreads. inspired by some friends to keep sharing which i will. best wishes)
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