Bank Nifty Intraday Trading System

1 thg 10, 2020

Bank Nifty is extremely volatile index which comprises of 12 Banking Stocks.

It has the potential to give good profit if you can switch your positions swiftly when Bank Nifty suddenly changes its direction.

Many traders find it difficult to determine the current intraday trend of Bank Nifty and it is where a robust, and fast platform like TradingView.com coupled with Zeta Force indicator come to your rescue.

Zeta Force Indicator at TradingView.com is an invite-only indicator and when you apply this on your chart, it tracks all underlying stocks which are part of Bank Nifty, including swift changes in their volume and price every second. Whenever a sudden shift in the trend is seen, Zeta Force Indicator detects that and generates Buy or Sell Signals for you to follow.

In order to trade successfully with this system, a trader needs to follow 5-min. time frame for scalping and 10 or 15 Min. Time Frame for Bigger trades.

The system works like this: Once you see a 'Buy' Signal, take a 'Buy' position and hold it till either (1) you see an opposite signal (SELL in this case) or your Stop Loss or Trailing Stop Loss is hit. When you see an opposite signal, close your Buy position and take the 'Sell' position now and so on.