INTRADAY STRATEGY FOR THE NEW TRADERS

INTRADAY STRATEGY FOR THE NEW TRADERS 

 

Observe from 9.15 AM as markets open. Initially you should focus on NIFTY 50  and BANK NIFTY.  Either NIFTY 50 OR BANK NIFTY OR BOTH .

 Observe for 15 minutes candle with RSI indicator. 

Mark lower and upper prices and observe. 

For NIFTY 500set targets for 45 to 50 points. RSI INDICATOR Shows you OR idictates the movements of NIFTY 50 where could markets go.

If RSI is less than 50 then you can take the SHORTS position in NIFTY 50. 

If RSI is Greater than 50 then you can take BUY positions in NIFTY 50.

For BANK NIFTY you should target 150 points and same rules follow as above. 

All trades decisions should take after closing candles. 

Observe the markets movements.