Banknifty is slowly coming into my range

 I have decided to take new position for the banknifty at the 22800 price, the banknifty came to the price of the 22850 which I failed to take position , this was the ideal price to take any position.

What now?

Now I will see the new levels to take any positions 

How will I handle the new Margin rules?

Unfortunately , I will keep a cash reserve for the margin and will not utilize the complete amount for trading and investing. I will utilize the 10 percent at each fall and will probably utilize only the 70 to 80 percent of my investment amount.

Will I be taking position in nifty as well?

I will stick to my plan to invest on the banknifty for now but slowly with time once I reaches a value of the 6 lakhs I will start taking the position in the nifty as well. I will probably invest in the kotak nifty etf for the same of it could be nifty bees, I will decide about it accordingly but I have already started accumulating the same in small quantities.

Nifty vs BankNifty what is my favorite?

As per the lot size the nifty has a lot size of 75 as on today and the banknifty has the lot size of the 25 as of today hence I feel the total amount for one lot for the banknifty is less than the nifty and also for the ease in the calculation I feel the 25 multiple are easier to calculate and just because of these two factors I like to invest and trade on the banknifty. These both always have good volumes and hence there is high liquidity and as they both are index I feel they are quite stable.

Low Beta stocks 

Recently I have given some thoughts on a strategy that includes the investment in the low beta future and option stocks, the stocks having the low beta values moves a little lower when compared to the stock and hence they can be proved to be good investments in terms of the future and options.

What is long term strategy of mine for the option trading 

I am planning to accumulate the stocks and etf slowly and when I have enough amount of the stocks I will enter into the option trading for them. I am already doing it for the banknifty and I will start for the nifty and low beta stocks as well.

Also, I have started creating a website of my own where I will be working on some tools to automate the calculations of some important levels which could help in studying the important levels to take any trading positions.

Conclusion

I am actively working on each fronts weather it is in the blogging , investing , trading , coding , developing or any other thing I am gradually working to get the success in each fields. I am trying to create a automated way to study and analyze which will help me in taking the faster decisions.

For Banknifty I will be soon taking the positions as soon as I get the good prices for it.