My Trading strategy
Nifty and Bank Nifty Futures trading on 19th, Jan., 2021
Nifty and Bank Nifty Futures trading on 19th, Jan., 2021
Rules:
Chart : candlestick 5m chart.
Indicator : Stocasticrsi ( values 60,30 )
NIFTY
Draw Two horizontal lines on the 5m candle stick chart, at 14380 and 14245.
Buy if the candle closes above 14380 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 14245 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 32045 and 31680.
Buy if the candle closes above 32045 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 31680 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.
NIFTY AND BANK NIFTY LEVELS TO WATCH
| INDEX | KEY LEVEL | RANGE | PIVOT |
|---|---|---|---|
| NIFTY | 14410 | 14500---14060 | 14321 |
| BANK NIFTY | 32276 | 32490---31125 | 31967 |
My List Of Stocks for short term Trading
Momentum
UPL-- HDFCBANK-- INDHOTEL-- PETRONET-- SUPREMEIND |
Bullish Stocks as per my scanner KANSAINER-- SBICARD-- BERGEPAINT-- BAJAJ-AUTO-- JUBILANT |
Bearish Stocks as per my scanner
GRANULES-- DRREDDY-- BAJAJFINSV-- BAJFINANCE |