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1 SD formula is giving success in weekly forecast, from last 90 weeks. Below levels is the weekly level for Nifty future and bank nifty future for 100th week (i.e. 17th to 21st April 2017).
What is 1SD formula?
Nifty future of ril 2017 expiry last recorded trade is 9180, we are going to find the weekly trend hence days will be 7 calendar days(including Saturday+Sunday).
Nifty Future trend for 17th to 21st April 2017
|1 SD Price Range||116.83|
|Up Trend||Down Trend|
Trend expectation as per 1SD method:
UPTREND conformation 9207.57, Successful cross-over above 9252.2 will target rise till 9283.75-9324.4-9369.03.
DOWNTREND conformation 9152.43, Successful fall below 9107.8 will trigger fall till 9076.25-9035.6-8990.97
RANGE-BOUND trend identification: If all up move invites sale above 9252.2 and all down move invites short covering at 9107.8 level this indication is sufficient to conclude that the price action is in the range of 9252.2 to 9107.8
What trade decision one trader should take?:
- Buying above 9207.57
- STOP-LOSS 9152.43,
- HEDGE by buying put option of strike below 9152.43, for initial target 9252.2
- Selling future below 9152.43
- STOP-LOSS 9207.57,
- HEDGE buy buying call option of strike above 9207.57, for initial target 9107.8 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 9207.57 cross then you buy the nifty future with 9152.43 put option long. If it achieves the 1st target 9252.2 during the day or any point during the week revise your stop loss to 9224.63 and hold the trade. If the 2nd target 9271.83 achieved, revise the stop loss to 9238.42 and hold the trade. If the 3rd target 9283.75 achieved, then trail or revise the stop loss to 9271.83. 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 9152.43 hits then close the option trade, future long trade and enter the fresh trade in nifty future short and 9152.43 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.
Bank Nifty Future trend for 17th to 21st April 2017
|1 SD Price Range||346.69|
|Up Trend||Down Trend|
What trade decision one trader should take? Buy above 21882.43 with stop loss 21617.57 for initial target 21964.25. Use the 21831.82 put option buy with long future or 22310.94 call option sell with long future to hedge the trade. If you sell it at 21617.57 hedge it with 21576.66 call or sell below21189.06 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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