This is a NOBRAINER trading strategy.
I cannot employ any type of analysis (technical/fundamental).
I cannot follow right scrip for trading because of my little knowledge and available time.
Still I want to try my hand in stock market.
I believe certainly I will be able to generate better returns than Bank Deposits.
Hence I have chosen NIFTYBEES which follows NIFTY INDEX.
I can choose any other aggressive ETF, but as I cannot follow them, I have chosen this, Lazy fellow!
Buy NIFTYBEES when it breaks recent high, sell when it breaks recent low.
When selling, close NIFTYBEES and park your money in GSEC ETF like LIC MF G-sec LT ETF
My assumption it will not loss its value.
I started a thread by name"NIFTYBEES trading strategy"
I felt this thread heading is apt. Hence I am continuing here.
My initial capital will be Rs 100000.00.
On 2/2/17 NiftyBees was available for Rs 887.00.
100000/887=112.7 ~112.00
Hence I bought 112 shares of NiftyBees @ 887.00 at an investment of Rs.99344.00
Date 03/03/17
Latest Position
03/03/17 112 910.61 101988.32
Notional profit 2644.32
LATEST TOP ON 02/03/17 8993
LATEST BOTTOM ON 15/02/17 8712
Trigger is break of any of these two pivots
I cannot employ any type of analysis (technical/fundamental).
I cannot follow right scrip for trading because of my little knowledge and available time.
Still I want to try my hand in stock market.
I believe certainly I will be able to generate better returns than Bank Deposits.
Hence I have chosen NIFTYBEES which follows NIFTY INDEX.
I can choose any other aggressive ETF, but as I cannot follow them, I have chosen this, Lazy fellow!
Buy NIFTYBEES when it breaks recent high, sell when it breaks recent low.
When selling, close NIFTYBEES and park your money in GSEC ETF like LIC MF G-sec LT ETF
My assumption it will not loss its value.
I started a thread by name"NIFTYBEES trading strategy"
I felt this thread heading is apt. Hence I am continuing here.
My initial capital will be Rs 100000.00.
On 2/2/17 NiftyBees was available for Rs 887.00.
100000/887=112.7 ~112.00
Hence I bought 112 shares of NiftyBees @ 887.00 at an investment of Rs.99344.00
Date 03/03/17
Latest Position
03/03/17 112 910.61 101988.32
Notional profit 2644.32
LATEST TOP ON 02/03/17 8993
LATEST BOTTOM ON 15/02/17 8712
Trigger is break of any of these two pivots
Stock investing for DUMMIES
Nice blog glad to visit.Tata Steel Share Price
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