If you want to gain good profit using scalping (trade in very short time) then this article helps you. This strategy will applicable only on NIFTY 50. Now the question is how it will help?
What is 2.55 Trading Strategy in Nifty 50?
In this strategy will mark high and low of 2.55 candle and if the market break it high then market will go upside, And if market will break its down side then market will go downside. Make sure in this strategy go for scalping try to book your profit quickly or use trailing stop loss.
Market will give minimum 10-20 points easily.
How to trade 2.55 trading strategy in Nifty 50
Step-1: Use 5 minute chart
step-2: Mark high and low of 2.55 ‘s candle shown in below picture.
Step-3: If market break upside, take position at CALL SIDE
Step-4: If market break downside, take position at PUT SIDE
Note: Avoid long position in this trade because market will reverse very quickly so try to scalp
Rules to trade 2.55 trading strategy in Nifty 50
- Index must be NIFTY 50 only
- Time frame will be 5 minute
- Entry candle is 3pm
- Always wait at least 3 dip at position side (candle must sustain)
- use scalping or trailing stop loss
- must try on paper first
