My Trading strategy
Nifty and Bank Nifty Futures trading on 21st, Jan., 2021
Nifty and Bank Nifty Futures trading on 21st, Jan., 2021
Rules:
Chart : candlestick 5m chart.
Indicator : Stocasticrsi ( values 60,30 )
NIFTY
Draw Two horizontal lines on the 5m candle stick chart, at 14670 and 14580.
Buy if the candle closes above 14670 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 14580 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 32670 and 32380.
Buy if the candle closes above 32670 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 32380 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 | 14440 | 14810---14475 | 14610 |
| BANK NIFTY | 32145 | 33242---31843 | 32492 |
My List Of Stocks for short term Trading
Momentum
ADANITRANS-- APOLLOTYRE-- MINDTREE-- NAUKRI-- ADANIPORTS-- JSWENERGY-- SBICARD-- FEDERALBNK-- ENDURANCE-- |
Bullish Stocks as per my scanner MINDTREE-- BORORENEW-- NAUKRI-- CHOLAFIN-- BHARATFORG-- WIPRO-- MARUTI-- TECHM-- CROMPTON-- MandM-- ASIANPAINT-- INFY |
Bearish Stocks as per my scanner
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