My Trading strategy for Nifty and Bank Nifty Futures trading on 11th Sep., 2020
Rules:
Chart : candlestick 5m chart.
Indicator : Stocasticrsi ( values 60,30 )
NIFTY
Draw Two horizontal lines on the 5m candle stick chart, at 11470 and 11410.
Buy if the candle closes above 11470 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 11410 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 22560 and 22410.
Buy if the candle closes above 22560 and indicator is above 60, keep stop loss lowest low of the previous 4 candles, book profit 100 points.
Sell if the candle closes below 22410 and indicator is below 30, keep stop loss highest high of the previous 4 candles, book profit 100 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.
Bullish Stocks as per my scanner
Tanla Solutions Limited Adani Green Energy Ltd Adani Gas Ltd Zee Entertainment Enterprises Limited PRINCEPIPE Cipla Limited Trent Limited Jsw Steel Limited Voltas Limited Adani Enterprises Limited Central Depository Services Ltd Max Financial Services Limited Hexaware Technologies Limited Asian Paints Limited Advanced Enzyme Technologies Limited Laurus Labs Limited Havells India Limited Pnb Housing Finance Limited Tech Mahindra Limited Maruti Suzuki India Limited |
Bearish Stocks as per my scanner
Aditya Birla Fashion And Retail Limited Prestige Estates Projects Limited State Bank Of India City Union Bank Limited Deepak Fertilizers And Petrochemicals Corporation Limited Avanti Feeds Limited Hindustan Aeronautics Ltd Balrampur Chini Mills Limited Coromandel International Limited Iol Chemicals And Pharmaceuticals Limited Graphite India Limited Axis Bank Limited Rallis India Limited Hikal Limited Lic Housing Finance Limited Hindustan Petroleum Corporation Limited Kansai Nerolac Paints Limited Rbl Bank Limited Crompton Greaves Consumer Electricals Limited Bajaj Finance Limited Icici Bank Limited |
My List of Stocks to Watch for short term Trading .
PFIZER CESC IRCTC BPCL NAUKRI CROMPTON HCLTECH GICRE PEL SAIL COFORGE ICICIPRULI WHIRLPOOL BAJAJHLDNG PNBHOUSING |