Best Intraday Trading Strategy for Nifty Future, Using Technical Analysis Levels

Nifty future is one of the most traded contracts on the National stock exchange (NSE), many traders follows day trading method in their trading strategy. Markets are mostly unpredictable as per their nature, but using technical analysis a trader can maximize his chances of market prediction. These are simply based upon what they say combination of technical analysis and the fundamental analysis. When it comes to intraday trading strategy one must simply focus on the weekly chart i.e. larger time frame chart, as rate of accuracy is higher. Then using that level (levels on weekly chart) you can look at intraday chart and then take the intraday position on nifty future. Remember this strategy uses fixed 1:1 risk reward ratio, as intraday volatility is unpredicted hence this RRR is 1:1 instead of 1:2. More over we would not prefer to take any trades on the days of news events like inflation data release, IIP numbers, Interest rates decision, Fuel price decision and GDP number release, market generally react sharply to these news.

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