My Trading strategy for Nifty and Bank Nifty Futures trading on 24rd Nov.,., 2020
Rules:
Chart : candlestick 5m chart.
Indicator : Stocasticrsi ( values 60,30 )
NIFTY
Draw Two horizontal lines on the 5m candle stick chart, at 12980 and 12880.
Buy if the candle closes above 12980 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 12880 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 29365 and 28780.
Buy if the candle closes above 29365 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 28780 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
GRANULES ADANIENT INDUSINDBK SRTRANSFIN ADANIGREEN BALKRISIND CHOLAFIN TECHM MINDTREE LAURUSLABS TCS DIVISLAB COLPAL BAJFINANCE TATASTEEL AMARAJABAT CADILAHC |
Bearish Stocks as per my scanner
UPL LUPIN |
My List of Stocks to Watch for short term Trading .
BAJAJHLDNG BHEL ENDURANCE ONGC HUDCO LTI SAIL GMRINFRA MOTHERSUMI DALBHARAT GSPL TRENT GAIL OIL DIVISLAB COLPAL |