My Trade plan
Nifty and Bank Nifty Spot trading levels for 17th Jan., 2025
Nifty and Bank Nifty Spot trading levels for 17th Jan., 2025
Rules:
Chart : candlestick 5m chart.
Indicator : NO INDICATOR
NIFTY
Draw Two horizontal lines on the 5m candle stick chart, at 23360 and 23240.
Buy if the candle closes above 23360 keep stop loss lowest low of the previous 4 candles, book profit 40 to 50 points.
Sell if the candle closes below 23240 keep stop loss highest high of the previous 4 candles, book profit 40 to 50 points.
Please note: No trade if the price is with in the two lines. If open price is out site the line wait the price to come in side and break the line.
Bank Nifty
Draw Two horizontal lines on the 5m candle stick chart, at 49460 and 49120
Buy if the candle closes above 49460 keep stop loss lowest low of the previous 4 candles, book profit 150 to 200 points.
Sell if the candle closes below 49120 keep stop loss highest high of the previous 4 candles, book profit 150 to 200 points.
Please note: No trade if the price is with in the two lines. If open price is out site the line wait the price to come in side and break the line.
KEY LEVELS TO WATCH
| INDEX | KEY LEVEL | RANGE | PIVOT(D) | PIVOT(W) | PIVOT(M) | PCR |
|---|---|---|---|---|---|---|
| NIFTY | 23680 | 23554--23077 | 23325 | 23621 | 23977 | 0.88 |
| BANK NIFTY | 50210 | 49829--48727 | 49258 | 49463 | 51534 | 0.58 |
My List Of Stocks for short term Trading
Momentum
AEROFLEX- JWL- JINDWORLD- EMSLIMITED- PGEL- BDL- KELLTONTEC- REDINGTON- EQUITASBNK- UNOMINDA- MINDACORP- BSE |
Bullish Stocks as per my scanner ASHAPURMIN- SBILIFE- SBICARD- MARUTI- LLOYDSME- GOLDIAM- ANANTRAJ- ORIENTTECH |
Bearish Stocks as per my scanner
PVRINOX- AVALON- ANGELONE- ASIANPAINT- ITC- CROMPTON- HCLTECH- MANKIND- OBEROIRLTY- JAICORPLTD- KALYANKJIL- OFSS- YATHARTH |
