Thread on how @ITRADE191 made 3 lakhs in 2 days. I'm posting his chart logics here which he has shared with me realtime. You will need: 1. Pivots 2. Vwap 3. PDL/PDH (Previous day high/low) 4. Advance/Decline Ratio. (1/7)
This is the Pivot Setting used by @ITRADE191 (2/7)
At 11 he told me to short Nifty as it was breaking a pivot. Gave immediate 60 points profit. (3/7)
The red line marked here was PDL, he trades using these decision points daily. He shorted Nifty futures again the moment it broke that level. Again made money while pyramiding into his trade. His sl was PDH, Tuesday 24th Nov high. Would've reversed his position there. (4/7)
Got his conviction from Advance/Declines in Nifty. All the bigger stocks were trading in red so he rode the downfall. Here is his mtm of yesterday. Made around 1.2 lakh here. (5/7)
Today on 26th expiry day, he had marked levels which were supports and resistances and decided how he would act at these levels with a plan. (6/7)
A positive advance/decline and a break of the resistance of 12900 levels gave him the conviction to buy Nifty futures aggressively. He made around 1.7 lakh profit today as shown in the mtm which is attached, highest profit in NIFTY future. _____________________________ (7/7)
