My Trade plan for
Nifty and Bank Nifty Futures trading on 4th, Oct., 2022
Nifty and Bank Nifty Futures trading on 4th, Oct., 2022
Rules:
Chart : candlestick 5m chart.
Indicator : NO INDICATOR
NIFTY
Draw Two horizontal lines on the 5m candle stick chart, at 17068 and 16855.
Buy if the candle closes above 17068 keep stop loss lowest low of the previous 4 candles, book profit 40 to 50 points.
Sell if the candle closes below 16855 keep stop loss highest high of the previous 4 candles, book profit 40 to 50 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 38550 and 38130.
Buy if the candle closes above 38550 keep stop loss lowest low of the previous 4 candles, book profit 150 to 200 points.
Sell if the candle closes below 38130 keep stop loss highest high of the previous 4 candles, book profit 150 to 200 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.
KEY LEVELS TO WATCH
| NIFTY | BANK NIFTY | RELIANCE | HDFCBANK | HDFC | MARUTI | TCS | LT | AXISBANK | ICICIBANK |
|---|---|---|---|---|---|---|---|---|---|
| 17180 | 38980 | 2310 | 1436 | 2320 | 8830 | 3050 | 1857 | 752 | 869 |
My List Of Stocks for short term Trading
Momentum
COCHINSHIP- TRITURBINE- VIPIND- CSBBANK- RVNL- LUPIN- ZYDUSLIFE- EICHERMOT |
Bullish Stocks as per my scanner VIPIND- CSBBANK- GOKEX- LAOPALA- AUROPHARMA- EIHOTEL- FDC- FCL- DBREALTY |
Bearish Stocks as per my scanner
GODREJPROP- JSWENERGY- MMFIN- ICICIPRULI- AUBANK- PEL- NAVA- ADANIPORTS- CHOLAFIN- ADANITRANS- PARAS- ADANIENT |
