Fno game was started in India in full swing after 2003 … after that this strategy appeared in real value and till date working without any single mistake... This strategy works only with index (nifty) not with stocks … but investors can take full advantage of this strategy for building portfolio.
Start from 2003 ……… watch 2003 nifty Jan month high its 1105.60 … now watch data of coming months of 2003 only when nifty closed above Jan month high … if m not wrong then it is june2003 when nifty closing price was 1134 .. Means above Jan 2003 high price.. And pls watch after that nifty never came down below Jan 2003 month high on closing basis till 31st dec 2003. According to strategy it was clear signal for market player to go long after june 2003... For whole 2003 year.
Now just watch 2004 Jan high – it is = 2014.65 never closed above this level in 2004 whole year means clear signal no buy in 2004 .
2005 – Jan month high was 2120.15.. Closed above on monthly basis in June 2005 @ 2220.60...again after that never broke Jan high on monthly closing basis in 2005.. Means go long after June 2005 till dec 2005.
2006 – Jan high 3005.10.. Closed above this level in feb 2006.. After that never broke the same... Clear buy signal.
2007 – Jan high- 4167 … closed above in may month 2007 … never broke after that.. Clear buy.
2008 – Jan high -6357 … never closed above this level in whole 2008... Means no buy... Only sell... Touched 2252 in that year.
2009 – Jan high – 3147.. Closed above in apr 2009.. Never broke after that made high 5221 after that in 2009.. Clear buy.
2010- Jan high – 5310.85 closed above in June 2010.. Hit 6338 after that never broke.. Clear cut buy.
2011- Jan high – 6181.05 never closed above this level in 2011 whole year means clear signal no buy in 2011 .made low of 4531.
2012- will update !!!
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