My Trading strategy for Nifty and Bank Nifty Futures trading on 14th Sep., 2020
Rules:
Chart : candlestick 5m chart.
Indicator : Stocasticrsi ( values 60,30 )
NIFTY
Draw Two horizontal lines on the 5m candle stick chart, at 11480 and 11390.
Buy if the candle closes above 11480 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 11390 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 22420 and 22090.
Buy if the candle closes above 22680 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 22390 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
AVANTIFEED PRESTIGE DEEPAKNTR GRANULES CYIENT WABAG CDSL COROMANDEL CROMPTON BALKRISIND SUNTECK ADANIGREEN AUBANK PRINCEPIPE MFSL ACC UPL CUMMINSIND PNBHOUSING NAM-INDIA TVSMOTOR SUNTV ADVENZYMES LICHSGFIN GNFC HEXAWARE TITAN BAJAJ-AUTO |
Bearish Stocks as per my scanner
FRETAIL IBULHSGFIN BANDHANBNK BAJFINANCE HAL SUNPHARMA KOTAKBANK HDFCBANK ICICIBANK HDFC BANKBEES LT HINDUNILVR AXISBANK SRTRANSFIN RBLBANK AUROPHARMA TATASTEEL CIPLA |
My List of Stocks to Watch for short term Trading .
SYNGENE HCLTECH QUESS ASHOKLEY MPHASIS PRESTIGE GSPL APOLLOTYRE CUB VGUARD LTI ENDURANCE CROMPTON BALKRISIND LALPATHLAB POLYCAB BEL VOLTAS MFSL MOTHERSUMI INFY CHOLAFIN AARTIIND ABFRL TECHM CUMMINSIND MINDTREE NAM-INDIA COFORGE PIIND OFSS |