Which indicator works best with bank Nifty?
Table of Contents
Which indicator works best with bank Nifty?
We list down some of the best indicators for bank nifty intraday trading that will surely amplify your profits.
- Bollinger Bands.
- Relative Strength Index.
- Moving Average Convergence Divergence (MACD)
- Advance Decline Line.
- Moving Averages.
- Average Directional Index.
- Supertrend.
- Stochastic Oscillator.
Which strategy is best for bank Nifty?
ORB 2 PM—Intraday Bank Nifty Strategy
- Check Bank Nifty day high and day low at 2 PM.
- Buy when day high is crossed and Short when day low is crossed, exit at 3:20 PM or when stop loss is hit.
- Place SL-M orders for both Buy(day high as entry ) & Sell (day low as entry) at 2 PM and relax.
Which moving average is best for Banknifty?
Simple Moving Average Crossover’s of BANKNIFTY on Daily Tick
| MA CO | SMA MA1 | Signal |
|---|---|---|
| SMA 20_50 | 38186.73 | Strong Bearish |
| SMA 15_100 | 37707.89 | Bullish |
| SMA 20_100 | 38186.73 | Bullish |
| SMA 50_200 | 38423.49 | Mild Bullish |
On what factors bank nifty depends?
Bank Nifty Future(BNK Future) is a derivative contract traded on the National Stock Exchange of India (NSE) Whose underlying is BNK Index. Means that BNK Futures will derive its value from BNK Index which depends on the movement of top banking stocks in the Index.
Why Bank NIFTY is better than Nifty?
Bank Nifty is much more volatile than the Nifty index. So the swing in Bank Nifty index can be much more offering you more profits per trade. Why Bank Nifty Positional Trading System?
What trading software do you use for Bank NIFTY daily charts?
We used Amibroker and Trend Blaster Trading System and used it on Bank Nifty daily charts. So if you are trading the daily charts, even no need to purchase any costly data for Amibroker. You can even use GetBhacCopy to download the end of day data for Amibroker.
How to earn Rs 47600 per year by trading bank Nifty Futures?
At the current Bank Nifty futures lot size of 40, 1190 points per year can fetch 1190 x 40 = Rs. 47600 per lot. If a trader can trade at least 10 lots, i.e, 400 Bank Nifty, he can easily earn 1190 x 40 x 10 = Rs. 4,76,000 per year. As per current Zerodha margin, a trader needs only Rs. 9,70,636 margin for trading 10 lots on NIFTY.
What is the best way to make money from NIFTY?
There is only one way to make money whether it is Bank Nifty, Nifty, Any other stock, Apples, Mangoes, Bananas, Gold, Silver or any other thing that is bought and sold. Sell at a price higher than you bought for. Whether you buy first or sell later or sell first buy later ( short selling ), the above rule applies.