, 9 tweets, 4 min read Read on Twitter
(1/n)
#Nifty
Intra Trading System 4 Nifty Fut using Point & Figure

Longs

1. Setup shud be bullish ( Price shud b abv10 SMA on 10x 3 chart min)

2. Buy Signals on 5x 3,  1 min chart shud be taken only if it is abv or = to Bullish Sustenence lvl
(2/n)
SL Condition
Keep SL as Double Bottom sell

Exit Condition

1. High Pole
2. Double Bottom Sell
(3/n)
Shorts

1. Setup should be Bearish ( Price should be trading below 10 SMA on 10x 3 chart 1 min)

2. Sell Signals should be taken only if it is above or equal to Bearish Sustenence levels.
(4/n)

SL Condition

Keep SL as Double Top Buy

Exit Condition

1. Low Pole

2. Double Top Buy
(5/n)

Other conditions.

If setup is neutral then don't take the trade 

if Sell/Buy Signal occurs below the last bearish Target then do not take the trade
(6/n)

Special Note: Also Nifty all sector breadth should be considered when taking trades. Avoid selling if Breadth is oversold & avoid buying if breadth is overbought
(7/7)

For daily sustenance levels you may refer to 5x1 Point & Figure charts & apply vertical count on the #Tradepoint software or refer to definedge.com/daily-market-p…
#backtesting result
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