My Trading strategy for Nifty and Bank Nifty Futures trading on 9th Dec.,., 2020
Rules:
Chart : candlestick 5m chart.
Indicator : Stocasticrsi ( values 60,30 )
NIFTY
Draw Two horizontal lines on the 5m candle stick chart, at 13470 and 13385.
Buy if the candle closes above 13470 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 13385 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 30460 and 30090.
Buy if the candle closes above 30460 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 30090 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.
Bullish Stocks as per my scanner
ZENSARTECH VBL CHOLAFIN LICHSGFIN ICICIGI ACC IGL KOTAKBANK SBILIFE AXISBANK TITAN ICICIBANK JSWSTEEL |
Bearish Stocks as per my scanner
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My List of Stocks to Watch for short term Trading .
BAJAJHLDNG DMART HDFCAMC UBL PNB OFSS ABBOTINDIA RELIANCE |
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