Hi All
From some days, i am monitoring the nifty spot index along with the nifty future chart and found it useful. By using this, as a begineer, i am able to avoid various low probability trades which will hit my account. Also on NS, we get various setups clearly which are not avaialble on nifty future chart.
I also read the Nifty Nirvana post regarding this. Link to post is:
http://niftynirvana.blogspot.in/2012/10/nifty-levels.html#comment-form
But in my view, monitoring nifty spot along with nifty future will gave me another edge as i will be able to avoid certain premature or low probability trades. For example, today NS has given a clear setup of BPB of PDC whereas on NF there was no such setup.
Although i need to walk a long to be a profitable trader. I have also noticed that by monitoring Nifty Spot, i am also taking less loosing trades.
From some days, i am monitoring the nifty spot index along with the nifty future chart and found it useful. By using this, as a begineer, i am able to avoid various low probability trades which will hit my account. Also on NS, we get various setups clearly which are not avaialble on nifty future chart.
I also read the Nifty Nirvana post regarding this. Link to post is:
http://niftynirvana.blogspot.in/2012/10/nifty-levels.html#comment-form
But in my view, monitoring nifty spot along with nifty future will gave me another edge as i will be able to avoid certain premature or low probability trades. For example, today NS has given a clear setup of BPB of PDC whereas on NF there was no such setup.
Although i need to walk a long to be a profitable trader. I have also noticed that by monitoring Nifty Spot, i am also taking less loosing trades.
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