My Trading strategy for Nifty and Bank Nifty Futures trading on 11th, Jan., 2021
Rules:
Chart : candlestick 5m chart.
Indicator : Stocasticrsi ( values 60,30 )
NIFTY
Draw Two horizontal lines on the 5m candle stick chart, at 14410 and 14290.
Buy if the candle closes above 14410 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 14290 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 32320 and 32080.
Buy if the candle closes above 32320 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 32080 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
UPL // ULTRACEMCO// ACC// SUNPHARMA// AMBUJACEM// VOLTAS// IGL// PEL// ZEE// |
Bullish Stocks as per my scanner BAJAJ-AUTO // ASTRAL// BAJAJFINSV// AMARAJABAT// TATACONSUM// BSOFT// HINDUNILVR// KOTAKBANK// GODREJPROP// TITAN// ICICIBANK// CUMMINSIND// |
Bearish Stocks as per my scanner
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