My Trading strategy for Nifty and Bank Nifty Futures trading on 2nd Dec.,., 2020
Rules:
Chart : candlestick 5m chart.
Indicator : Stocasticrsi ( values 60,30 )
NIFTY
Draw Two horizontal lines on the 5m candle stick chart, at 13170 and 13060.
Buy if the candle closes above 13170 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 13060 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 30050 and 29650.
Buy if the candle closes above 30050 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 29650 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
JKLAKSHMI DMART APOLLOHOSP AUBANK LICHSGFIN INDIGO ICICIBANK JSWSTEEL ULTRACEMCO HDFC CENTURYTEX AXISBANK BHARATFORG |
Bearish Stocks as per my scanner
COLPAL GLENMARK HINDUNILVR JUSTDIAL MUTHOOTFIN PIDILITIND SBICARD TRENT |
My List of Stocks to Watch for short term Trading .
SUNPHARMA BANKBARODA FEDERALBNK GRASIM ADANIPORTS ACC BAJAJ-AUTO GODREJPROP |