My Trading strategy for Nifty and Bank Nifty Futures trading on 8th Dec.,., 2020
Rules:
Chart : candlestick 5m chart.
Indicator : Stocasticrsi ( values 60,30 )
NIFTY
Draw Two horizontal lines on the 5m candle stick chart, at 13410 and 13310.
Buy if the candle closes above 13410 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 13310 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 30445 and 30050.
Buy if the candle closes above 30445 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 30050 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
My Trading strategy for Nifty and Bank Nifty Futures trading on 7th Dec.,., 2020
Rules:
NIFTY
Draw Two horizontal lines on the 5m candle stick chart, at 13328 and 13190.
The following data may help the traders to take some trading ideas for the next few days.
|
Bearish Stocks as per my scanner
|
My List of Stocks to Watch for short term Trading .
IRCTC NESCO DBL INDOSTAR GESHIP ASAHIINDIA RITES STARCEMENT SPICEJET PRSMJOHNSN SADBHAV SCI |