My Trade plan for
Nifty and Bank Nifty Futures trading on 1st, Nov., 2022
Nifty and Bank Nifty Futures trading on 1st, Nov., 2022
Rules:
Chart : candlestick 5m chart.
Indicator : NO INDICATOR
NIFTY
Draw Two horizontal lines on the 5m candle stick chart, at 18065 and 17980.
Buy if the candle closes above 18065 keep stop loss lowest low of the previous 4 candles, book profit 40 to 50 points.
Sell if the candle closes below 17980 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 41525 and 41280.
Buy if the candle closes above 41525 keep stop loss lowest low of the previous 4 candles, book profit 150 to 200 points.
Sell if the candle closes below 41280 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
| INDEX | KEY LEVEL | RANGE | PIVOT(D) | PIVOT(W) | PIVOT(M) | PCR |
|---|---|---|---|---|---|---|
| NIFTY | 17540 | 18217--17807 | 17978 | 17754 | 17630 | 0.92 |
| BANK NIFTY | 40425 | 41918--40695 | 41225 | 41120 | 40267 | 0.63 |
My List Of Stocks for short term Trading
Momentum
NYKAA- SWANENERGY- HFCL- SUPREMEIND- JSWENERGY- VIPIND- JUSTDIAL- FINEORG- BANDHANBNK- INTELLECT |
Bullish Stocks as per my scanner ULTRACEMCO- METROPOLIS- TORNTPHARM- SYNGENE- HDFC- HDFCBANK- LT- GRANULES |
Bearish Stocks as per my scanner
BIOCON- BSE- POLICYBZR- DBREALTY- DELHIVERY- CHENNPETRO- LICHSGFIN- LIBERTSHOE- RHIM |
