INTRA DAY OPEN PRICE STRATEGY

Intra day tips to buy and sell

Open price : Open price will act as stiff resistance only if open high is below previous days open and previous days close.

When a index or script opens,low or same and higher then previous close {remember must be higher then previous close}. Then don't short that script where as in other words, you can try long in that counter.

When a index or script open HIGH or same and LOWER then previous close { remember must be lower then previous close}.Then don't go long in that script, where as in other words, you can try short in that counter.

SAR -TREND FOLLOWING STRATEGY

SAR - STOP AND REVERSE

RULES :

1)  Follow strict stop loss what ever other say or not

2) Don"t trade excess from your limit.

3) Always try to book profit.

Now SAR means Stop and Reverse your trade from this trading method.You just need and excel sheet and 5 columns, you have to make in excel sheet.

Columns

1st column -- Date | 2nd column-- Last traded closing price | 3rd column-- Open price | 4rth column--High price | 5th column -- Low price | { all spot prices}

Most important thing for this is, it is not for an  intraday trading but its for positional trade only.

{Provision for update on EOD basis http:www.investing.com/indices/s-p-cnx-nifty,historicaldata } From this link you can get all the open, high, low, last trade data.

In this method you have to trade with 2 lots if any small trader don"t have much cash then can trade with one lot, but 2 lots will give good returns.

NOW TIME TO SEE HOW SAR WORKS

Just you all need to update your excel sheet daily after market hours.

You need 5 days last closing data for your next day SAR.

FOR EXAMPLE : On 5th nov friday 2018 nifty closed @ 8338.30

For 7th nov monday SAR will be 8248.86

Just all you need to do is collect last 5 closing data from these site and update in excell sheet for regular basis.

How 8248.86 is assured at ?

29th oct nifty closing was    - 8090.45

30th oct nifty closing was    - 8169.2

31st oct nifty closing was    - 8322.2

3rd nov nifty  closing was    -8324.5

5th nov  nifty  closing was   - 8338.3

So from 29th oct to 5th nov, add all the closing data and divide it by 5, you will get the SAR 8248.86 for 7th nov.

So for 7th nov we will be on buy side till 8248.86  means 8248 is not broken.

This is spot rate, always try to trade in spot rate  because in futures you will get premium up and down.

Now buying and selling funda for this :

Suppose if nifty spot break 8248.86 on nov 7th then we will sell one lot at 8248.86 and my stop loss will be only 20 points from there and my 2nd lot will be sold on 8258 and my sl is 8268.

Suppose, if nifty spot break 8268 on 7th nov again then I will reverse my trade with 8268 buy side one lot and 8258 2nd lot my stop loss for buy will be 20 points 8248.

SAR --5th nov --8186.7

    eg:- 7th nov   -8248.86 

If SAR  is very far from market price so open price is taken into consideration after 30 mins of market open. Buy above open price with stop loss of 5 points, below open price and sell below open price with stop loss of 5 points above open price. {This has to be purely intraday base }