HEDGING TECHNIQUE NIFTY & BANKNIFTY
Points :
I HAVE BEEN FOLLOWING A VERY SIMPLE HEDGING TECHNIQUE FOR THE PAST FEW MONTHS WHICH HAS BEEN GIVING ENCOURAGING POSITIVE RESULTS. I WOULD LIKE TO SHARE THE SAME HERE.
IT IS VERY SIMPLE. AT AROUND 3.27 PM WE HAVE TO COMPUTE THE PIVOT POINT (PP) OF BANKNIFTY....
PP = (OPEN + HIGH + LOW) / 3.
IF LTP AT 3.27PM IS ABOVE PP, IT IS A "BUY" SIGNAL FOR NEXT DAY AND IF LTP IS LESS THAN PP, IT IS "SELL" SIGNAL FOR NEXT DAY.
BASED ON THE ABOVE, IF BUY SIGNAL IS GENERATED, BUY 1 LOT OF BANKNIFTY AND SELL 2 LOTS OF NIFTY AT THE SAME TIME AROUND 3.28-3.29PM JUST BEFORE MARKET CLOSING.
NEXT DAY WE HAVE TO EXIT FROM BOTH POSITIONS SIMULTANEOUSLY WHEN IN PROFITS...
THIS METHOD HAS BEEN GIVING VERY GOOD RESULTS AND IS A SMALL RISK HEDGING STRATEGY...
Link : https://docs.google.com/file/d/0B1y9IhKnJKiPdW55RU9pT1otRVU/edit?usp=sharing
The above EXCEL FILE is been developed by me only :)
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