My Trading strategy for Nifty and Bank Nifty Futures trading on 13th, Jan., 2021
Rules:
Chart : candlestick 5m chart.
Indicator : Stocasticrsi ( values 60,30 )
NIFTY
Draw Two horizontal lines on the 5m candle stick chart, at 14630 and 14540.
Buy if the candle closes above 14630 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 14540 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 32520 and 32180.
Buy if the candle closes above 32520 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 32180 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.
My List of Stocks to Watch for short term Trading
CESC HDFCBANK TATAMOTORS BANKINDIA BAJAJHLDNG DLF UNIONBANK TATACHEM EICHERMOT ABFRL MRF BANKBARODA GAIL OFSS BOSCHLTD EXIDEIND |
Bullish Stocks as per my scanner SWSOLAR EVEREADY AXISBANK BLISSGVS MFSL ICICIBANK RBLBANK INDUSINDBK |
Bearish Stocks as per my scanner
GRANULES VENKEYS |
NIFTY SPOT
KEY LEVEL |
BANK NIFTY SPOT
KEY LEVEL |
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