My Trading strategy for Nifty and Bank Nifty Futures trading on 24th Aug., 2020
Rules:
Chart : candlestick 5m chart.
Indicator : Stocasticrsi ( values 60,30 )
Draw Two horizontal lines on the 5m candle stick chart, at 11430 and 11360.
Buy if the candle closes above 11430 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 11360 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, at 22380 and 22190.
Buy if the candle closes above 22380 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 22190 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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