20th Aug., 2020
The strategy for Nifty Futures trading on 20th Aug., 2020
Rules:
Chart : candlestick 5m chart.
Indicator : Stocasticrsi ( values 60,30 )
Draw Two horizontal lines on the 5m candle stick chart, one is at 11466 and 11404.
Buy if the candle closes above 11466 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 11404 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
Draw Two horizontal lines on the 5m candle stick chart, one is at 22466 and 22212.
Buy if the candle closes above 22466 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 22212 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.
The following data may help the traders to take some trading ideas for the next few days.
The Following stocks are approaching their 52 week high.
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The Following stocks are approaching their 52 week Low.
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Bullish Stocks as per my scanner
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Bearish Stocks as per my scanner
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The following stock's volume increased by more than 100 % .
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