How do I enhance the accuracy of RSI while trading intraday?

How do I enhance the accuracy of RSI while trading intraday?

No indicator can enhance your accuracy for Trade.

Default setting for RSI is 80–20 i.e. Above 80 RSI is said to be overbought & below 20 mark RSI is said to be oversold.

But when you apply RSI to Nifty or Stock Chart you may see that there are many occasion where you get trapped, when RSI is above 80 Nifty Gets more momentum and head towards higher levels.

So I suggest you to Use following Setup to enhance your accuracy in Intraday:

Step 1: Change to RSI default settings to 60–40 (Buy Above 60 Levels and Sell below 40 Levels)

Step 2: Place Parabolic Sar (PSAR) to Chart.

Step 3: Place MACD Histrogram

Step 4: Chance Intraday Time to 15 Min

For BUY SIGNAL: RSI Should should be crossing 60 above Levels and Parabolic Sar (PSAR) Should be Green or below Current Price and MACD Histogram Should be Above zero line. If 3 Condition Fulfills then Buy.

For SELL SIGNAL: RSI Should should be crossing Below 40 above Levels and Parabolic Sar (PSAR) Should be Red or Above Current Price and MACD Histogram Should be below zero line. If 3 Condition Fulfills then Sell.

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How Can I Master Trading in Stocks and Commodities?

How Can I Master Trading in Stocks and Commodities?

Mastering Technical Analysis is not too easy and not too tough. You need to Train your eyes and master any one patter you love to trade. There are many techniques and methods to trade but I would suggest you to trade manually not via algo. Learn the basis of Technical Analysis and then follow the steps mentioed below:

First Step: Stock Scannig
You need to have a scanner to scan the market i.e. which stocks you want to trade Top Gainer and looser, Volume shockers, Intraday Recovery Stocks, Open Interest Gainer Looser etc.

Second Step: Time Frame and Charting Tool
You need to choose time frame on which you what to trade i.e. Hourly Chart, 15 Min Chart, 5 min Chart or 1 min Chart. This depends on your trading style. I personally Trade on multiple time frame i.e. looking at multiple time frame in one go or one screen. For this you need best charting tools and I would suggest you to use Sharekhan's Trade Tiger or Fyers securities i-dart both are desktop application with many in built scanner which are very helpful for beginners.

Third Step: Money Management, Position Sizing, Trade Management and Accuracy:
You need to master money management i.e. always have a stop-loss while trading and need to have a good risk to reward ratio. Then comes position Sizing where you need to decide how much quantity or lots to trade depending on your PROFIT AND LOSS or you risk capacity. Then comes Trade Management where you can have fixed targets or you may have Trailing stop-loss technique. Always start with half quantity and add quantity when you are winning the trade and keep trailing the Stop loss till your desired profit is reached. Then comes accuracy, be accurate in picking the right stock and right moves this will increase you chance to gaining and earning from Trading.

GOLD COMEX VIEW AUGUST 2019

GOLD COMEX seems to be heading towards 1600$ per ounce in the near term, Now Equity as an asset class seems to be under performing and Gold after a huge consolidation is best asset class to invest in.  

CANARA BANK BREAKDOWN VIEWS

#CANARABANK #BREAKDOWN #TECHNICALS #PSUBANK #HEDGE

Fresh breakdown seen in CANARA BANK, Stock today (23-July-2019) broke trend line support levels. On the downside Support seen at 240 levels now.

Short position can be initiated in CANBK Future @ 260 Levels with Buying CANBK 260 JULY Call Option @ 5.10

(MAX RISK: RS. 10000 Per Lot) 

This is Just For Educational Purpose, Always consult to expect before initiation any position.

NSE PUSBANK INDEX - BREAKDOWN & SHORT TERM VIEW

#PUSBANK hashtag#trading hashtag#sbi hashtag#pnb hashtag#breakdown hashtag#stock hashtag#index hashtag#nse

Fresh breakdown has been seen in NSE PSUBANK INDEX, SBI leading with fresh breakdown below 346, If sustains below 346 Stock may witness further correction.

Coal India Short Term Target Price @ 290

Coal India has seen a Turn around from the Bottoms and we see stock heading towards higher Levels. In the Last Trading session Stock has seen Short covering and delivery Volumes and Trading Volumes had surged with significant increase in price, We See Stock to Head towards 290 Levels from 250-260 levels, We Recommend to Buy Stock With stoploss of 245 for target Price of 290 

Nifty Future Trading Sideways in the June 2017 Series

Nifty Future Trading Sideways in the June 2017 Series, India VXI Volatility Index is towards Lows, We Suggest to Wait  for Clear Signals of Trend, If Nifty Hold Levels @ 9500- 9530 The Up Trend May Resume, Any Break down below 9500 can drag nifty towards lower levels @  9300

Book Profits in REL CAP @ 530 (23% RETURNS)

We Recommended to Buy Reliance Capital @ 430 on 8-July-2016 (See to the Last Post). Book Profits @ 530 Levels As Target Already Achieved. Markets Look Over strached and Profit booking is Expected now. Over All Markets seems to be Healthy, But Correction is pending Hence Expecting Nifty to Correct. 

Reliance Capital Time to Buy Stock upside 20-25%

Reliance Capital Looks Strong on Charts Time to Buy

Reliance Capital Looks Strong on Weekly chart. Stock has managed to close above Resistance levels @ 425- 430, We Expect  More Upside in Coming Days, Hence we Recommend buy on Reliance Capital for Target 500 and Stoploss 400

Pair Trades 23-March-2016

1. LONG HEROMOTOCO AND SHORT TATAMOTORS

2. LONG GRASIM AND SHORT AMBUJACEM

Pair Trade- Neutral Strategy (21-March-2016)

We initiated 3 Trades According to Correlation, Z-Score and Pair Spreads Method For More Details Contact 8889465053

GOLD INTRADAY AND SHORT TERM VIEW (15-Feb-2016)

GOLD INTRADAY BUY OPPORTUNITY (15-FEB-2016)

Below is the Chart of GOLD COMEX, Strong Trend Line Support Lies at 1214$, Today Indian Markets has Opened with Gap Down, And Hence Likely to cover the Gap, Hence we Recommend to Buy GOLD With an Stoploss of 1214$ for the Intraday.

Natural Gas SELL SELL SELL

Natural Gas SELL SELL SELL

Natural Gas Breakdown from the levels of 155 and is Trading @ 150 levels, We have recommended Our Clients to Sell Natural Gas Positionally below 155 and Booked 50% Profits @ 150 Yesterday (23-Oct-2015)

We have Reasons Why We Gave Sell Call. From The Below Attached Charts Its Very Clear that Natural Gas Broke Major Levels of 155 and Hence Its was an Golden opportunity to Sell.

POSITIONAL CALL: SELL BANKNIFTY

We Recommend to Sell Bank Nifty, Seen Bull Run after elections in India, Now we may see some correction in Banking Sector And Hence we Recommend to sell Bank Nifty.

POSITIONAL CALL:

SELL BANK NIFTY @15240-15300

WITH TARGET PRICE @14000- 14200 KEEP SL OF 15700

(14th April 2014) Weekly Stock Pick Update

Click here to See Our Recommendation on 14th-April-2014

On 14th-April-2014 We have Recommended 4 Stock Pick. And Booked Profits in Century Textile and M&M Finance, Also Recommended to hold DR. Reddy and Indusind Bank. Hence Book Awesome Profits in 3 Stock with one Cost Exit: 

Update:

3. 100% Target Achieved in DR. REDDY @ 2650. +Rs  73 Per Share

4. Exit Indusind Bank Near to Cost Price @ 493. (NO PROFIT NO LOSS)

Weekly Calls Updates, Recommended on 14-April-2014

Click here To See Our Weekly Stock Picks

1. 100% Target Achieved CENTURY TEXTILE @ 365. +Rs 20/- Share

2. 50% Target Achieved In M&M Finance @ 230.00 +Rs 10/- Share

3. Hold INDUSIND BANK with Recommended SL. Sell Recommended @ 490 Made a low 480.

4. Hold DR. REDDY with Recommended Strategy.

WEEKLY STOCK PICKS- Bet on Best Stock with Profit Play (14-APRIL-2014)

1. SELL CENTURY TEXTILE @ 385.35 SL 405 TG: 365

Trading near to Channel Top, Chance of Strong Reversal is on cards. Any breakout out of Channel Pattern will force us to Re-Analyze Charts. Hence Keep A strict Stoploss of 405 

2. BUY DR. REDDY  (75% QTY) @2577 CMP AND (25% QTY) @ 2530  SL 2450 TG: 2650

Trading Near to Strong horizontal Support @2520- 2530 and a sharp bounce towards higher Level @2580 is Seen in the Stock. Trading at lower End of Channel Pattern. 

3. SELL INDUSIND BANK @ 490 CMP SL 525 TG: 450

On Weekly Charts Strong Resistance @ 510-515 and a huge selling is seen at those levels. Stock may Correct more,  can head towards immediate Support Levels @ 450. Bank Nifty future has not yet broken its Previous highs of year 2008. Nifty future is trading up Approx 300 points from its 2008 highs. Shows Divergence in Nifty and Bank Nifty. Shows weakness in banking Sector.

Call Success- CRUDEOIL and GOLD COMEX

GOLD COMEX Almost Achieved Targets Click Here to Read Report

CRUDE-OIL MCX Achieved Targets Click here to Read Report

Is GOLD COMEX Poised for Upside.....??

SHORT TERM TECHNICAL OUTLOOK:

GOLD COMEX made a double bottom pattern  on weekly Charts, found a Strong Support @1180$ and has retraced towards higher levels @1325$, Fibonacci levels of 23.6% comes out to be 1350$. After a Hefty correction from 1920$ to 1180$ which comes out to be approx. 740$ correction per ounce in last 2.5 years, Now we may see some bounce towards higher levels. Currently Trading @1310- 1315$ which is a strong weekly support zone. In August 2010 from these levels @1310 GOLD saw a strong rally towards 1920$.

Hence we Recommend buy GOLD COMEX till 1310$ (CMP: 1324) with SL of 1285$ and targets of 1350$.

PREVIOUS WEEK DATA IMPACT ON US ECONOMY:

SLOW DOWN IN HOUSING SECTOR:

The extreme cold of January took a heavy toll on the housing sector including housing starts which plunged 16.0 percent, Which is Negative Signal for the US Economy and hence we may see Buying resuming in Precious Metals

JOBLESS CLAIMS SLIGHTLY LOWER:

Jobless claims are steady and point to intend readings for the February employment report. Initial claims for the February 15 week, which is also the sample week for the monthly employment report, edged 3,000 lower to 336,000. Which does not proves any Major improvement in US economy.

CRUDEOIL NYMEX and CRUDEOIL MCX Short Term View..!!

Technical Outlook: 

Trading in a Classical Channel Pattern, On Daily Charts There is Stiff Resistance around 103.50$. Since its a Channel top and There is Resistance on Daily Charts, (i.e. Horizontal Resistance on daily chart and Channel Patter Resistance both Coincide)  it would be feasible to take a Short Position in CRUDE OIL. Relative Strength Index looks overbought on 4 hourly charts and momentum Indicator is also Overbought. Its a confirmation for Selling. Hence We Recommend to Sell WTI CRUDE OIL till 103.50 (CMP: 102.80) keep an stop loss of 104.50 and Targets of 100 $. Risk and Reward Ratio is also favorable in taking short position.

For MCX CRUDE OIL According to International Markets We suggest Sell As after a bull run after a breakout above 6280 has seen no correction in the Rally. Hence We suggest short CRUDE OIL MCX with Stoploss of 6470 for Targets of 6320, Current Market Price 6413 (Closing of 20-Feb-2014)

If trades and Sustains above 104.50 $ Fresh buying may Resume, And Hence Stop loss of 104.50$ would be strongly recommended.

Economic Outlook:

Petroleum inventory data are little changed in the February 14 week with oil inventories up 1.0 million barrels to 362.3 million. Which Suggests Week Demand of Crude oil and Hence we may see some Correction in Prices of Crude oil.