How to select stocks using NTD Dashboard
STOCK SELECTION USING DASHBOARD
BLOCK DATA HERE MEANS A BIG CHUNK OF PRICE DIFFERENCE BETWEEN 2 MINS IN THAT PARTICULAR
STOCK.
BLOCK DATA IN BUY MOMENTUM TABLE ALSO INDICATES BUY PRESSURE ON THAT PARTICULAR LEVEL.
HOW MANY TIME A BLOCK DATA HAS APPEARED IN THAT PARTICULAR STOCK IS NOTED THROUGH THE #COLOUMN IN THE BUY MOMENTUM TABLE.
THIS TABLE IS BEEN REFRESHED IN EVERY 2 MINS STARTING FROM 9:18AM
BUY SELECTION METHOD 1 :-
IN BUY MOMENTUM TABLE THERE SHOULD BE MINIMUM 2 BLOCK DATA.
WHEN THE FISRT BLOCK DATA COMES IN THE TABLE, THE PREV COLOUMN DATA SHOULD EITHER BE
FLAT TO POSITIVE OR NEGATIVE TO POSITIVE
NEGATIVE TO POSITIVE MEANS THERE SHOULD BE ANY NEGATIVE % DATA IN THE PREV COLOUMN
FLAT TO POSITIVE MEANS NOT MORE THEN 0.30% DATA SHOULD BE THERE IN 1ST BLOCK DATA
AFTER BLOCK DATA CRITERIA IS FULLFILLED THEN WE NEED TO FIND THE UP ARROW ON THE CHART, IF IT ALREADY EXISTS THEN WE CAN GO AHEAD AND TAKE A BUY TRADE OR ELSE WAIT FOR THE CONFIRMATION ON THE CHARTS.
LOGIC BEHIND THIS STRATEGY IS ,SEE IF A DAILY CANDLE HAS TO TURN POSITIVE IT SHOULD CLOSE ABOVE THE OPEN PRICE OF THAT DAY, NOW WITH THIS STRATEGY USING BLOCK DATA WE ARE INDENTIFYING STOCKS WHICH HAVE BUYING PRESSURE NEAR ITS OPEN ,THAT MEANS THERE IS MORE LIKELY THAT THIS CANDLE IN DAILY TIME FRAME WILL CLOSE POSITIVE,THEN WITH A ENTRY AFTER 2 BLOCK DATA AT THAT PARTICULAR LEVEL AND UP ARROW CONFIRMATION ON CHART WE GO AHEAD AND BUY THAT TRADE.
SELL SELECTION METHOD 1: IN SELL MOMENTUM TABLE THERE SHOULD BE MINIMUM 2 BLOCK DATA. WHEN THE FIRST BLOCK DATA COMES IN THE TABLE THE PREVIOUS COLOUMN DATA SHOULD EITHER BE FLAT TO NEGATIVE OR POSITIVE TO NEGATIVE.
FLAT TO NEGATIVE MEANS NOT MORE THEN -0.30% DATA SHOULD BE THERE IN 1ST BLOCK DATA.
POSITIVE TO NEGATIVE MEANS THERE SHOULD BE ANY POSITIVE % DATA IN THE PREV COLOUMN
AFTER BLOCK DATA CRITERIA IS FULLFILLED THEN WE NEED TO FIND THE DOWN ARROW ON THE CHART,IF IT ALREADY EXISTS THEN WE CAN GO AHEAD AND TAKE A SELL TRADE OR ELSE WAIT FOR THE CONFIRMATION ON THE CHARTS
LOGIC BEHIND THIS STRATEGY IS ,IF A DAILY CANDLE HAS TO TURN NEGATIVE IT SHOULD CLOSE BELOW THE OPEN PRICE OF THAT DAY, NOW WITH THIS STRATEGY USING BLOCK DATA WE ARE INDENTIFYING STOCKS WHICH HAVE SELLING PRESSURE NEAR ITS OPEN ,THAT MEANS THERE IS MORE LIKELY THAT THIS CANDLE IN DAILY TIME FRAME WILL CLOSE NEGATIVE,THEN WITH A ENTRY AFTER 2 BLOCK DATA AT THAT PARTICULAR LEVEL AND DOWN ARROW CONFIRMATION ON CHART WE GO AHEAD AND SELL THAT TRADE.
BUY SELECTION METHOD 2:- THIS STRATEGY HELPS YOU TO IDENTIFY THE TOP GAINERS OF THE DAY ON MOST OF THE DAYS ,WHEN MARKET GOES UP ONE SIDED. CONDITIONS:- ON MT4 CHARTS NIFTY AND BANKNIFTY SHOULD BE IN UPTREND & BREADTH OF THE DAY SHOULD BE POSITIVE , BASED ON (ALL IN ONE PIECHART).
IF STOCK APPEARS IN THE BUY MOMENTUM TABLE WITH THE CURRENT RANKING IN TOP 11 ATLEAST TWICE THEN WE CAN SELECT THAT STOCK FOR BUY TRADE,BASED ON THE MT4 ENTRY. (NOTE CURRENTLY THERE ARE 191 STOCKS IN FNO SO FOR THE STOCK WITH RANKING 11 AND ABOVE ARE IN TOP.)
SELL SELECTION METHOD 2:- THIS STRATEGY HELPS YOU TO IDENTIFY THE TOP LOOSERS OF THE DAY ON MOST OF THE DAYS WHEN MARKET GOES DOWN ONE SIDED. CONDITIONS:- ON MT4 CHARTS NIFTY AND BANKNIFTY SHOULD BE IN DOWN TREND & BREADTH OF THE DAY SHOULD BE NEGATIVE , BASED ON (ALL IN ONE PIECHART).
IF STOCK APPEARS IN THE SELL MOMENTUM TABLE WITH THE CURRENT RANKING IN BOTTOM 11 ATLEAST TWICE THEN WE CAN SELECT THAT STOCK FOR SELL TRADE,BASED ON THE MT4 ENTRY. (NOTE CURRENTLY THERE ARE 191 STOCKS IN FNO SO FOR THE STOCK WITH RANKING 181 TO 191 ARE IN BOTTOM 11 AS OF NOW/THIS CAN CHANGE IF SOME MORE STOCKS ARE ADDED OR REMOVED FROM FNO.
