26th Feb., 2020
The strategy for Nifty Futures trading on 26th Feb., 2020
Rules:
Chart : candlestick 5m chart.
Indicator : Stocasticrsi ( values 60,30 )
Draw Two horizontal lines, (shown on the below chart) one is at 11890 and 11790.
Buy if the candle closes above 11890 and indicator is above 60, keep stop loss lowest low of the previous 4 candles, book profit 20 points.
Sell if the candle closes below 11790 and indicator is below 30, keep stop loss highest high of the previous 4 candles, book profit 20 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
