Trading with no plan can be devastating for your capital as well as emotions. Nifty future has been steadily moving upwards from last few trading sessions. We have seen a decent recover already after march 2015 FNO expiry.Nifty future closed the week at 8811.45 this is slightly above the 50% Fibonacci retracement from the recent bottom.
Supertrend is a trend following indicator, which has around 40-45% hit ratio in five minute time frame. This means out of hundred trades (long + short) taken on basis of supertrend, approximately 45% will hit the target and in 55% the stoploss will be taken out. Even with this hit ratio supertrend is a clear winner because of using trend following.