Limited take on Nifty :

~ Dollar Index closed above 93 , which is not good for EMs

~ For further weakness you have close below EMA-9

~ Their is 30 % probability you will test EMA-21 before 6th Oct

~ 2 big macro triggers , Crude & Dollar Index

~ Review daily , no fix view

Summary on Basic Screeners :

Thanks @anuragjoshi4 for sharing the notes..

God bless & do well in life.

@chokhani_manish
@safiranand

Stock Market outlook @ 17300

Set a reminder for our upcoming Space! https://t.co/5C8Tl1yQ83

@preetiplutus
@anandkkothari
@navneet__butter
@fin_bizz
@plutusac

Retweet , so that more people can take advantage of same.

Do post your query, we will try to address few.

Basic screener for small investors:

Company Growth > 12% PA
ROCE > 12%
PE< 40
Interest Coverage Ratio > 3
PEG < 4
Promoter+ FII+ DII > 75%
Divided Yield > 0.5%

Above Screener I shared in Today's space

@sushilkedia
@rajsodhani
@DiscretePriti
@Cosmofeedapp

My Basics Risk Management systems in Nifty -100 stocks

If EMA -21 is broken, I do convert naked future into Covered Call strategy with ATM call

If EMA-63 is broken, I do reduce my postion size with 50% & sell 1% DITM

If EMA -200 is breached ,I will book loss & short sell

Now you can have a look of my all screeners at one place

No need to run all screeners separately

Save this link

All screeners complied and visible under one roof

Download Stocks in list in excel too

Keep learning
Keep

This is the reason I just follow my RS for #peacefultrading

#indianhotel
#PowerofRS

Inside Bar (IB) is an effective trading strategy where a range is formed & we trade on a Breakout/Breakdown.

What is IB?

Textbook definition of IB:
When the current bar is trading inside the previous candle's high and low (range)

Here's a live example from the Tata Steel Chart where you can see multiple IB forming on 15 minutes chart.

I've marked 2 IBs in the circle where we can find the mother candle & the inside bar candle.

So how do we trade this?

If the overall trend is bullish, then you should be looking at high on the mother candle. When the mother candle's high is broken, you can place your SL at:
1. Low of the mother candle, or
2. Low of the Inside Bar candle.

Both the eg are in charts:

And Vice Versa for the Bearish bias.

If the overall trend is bearish, then you should be looking at low on the mother candle. When the mother candle's low is broken, you can place your SL at:
1. High of the mother candle, or
2. High of the Inside Bar candle.

I prefer keeping the high or low of the inside bar candle as my SL.

Remember there are 100s of ways to trade this, ultimately your position sizing & risk management will come into play.

Position sizing can be calculated using the SL, and risk can be managed.