My Trade plan for
Nifty and Bank Nifty Futures trading on 20th, Oct., 2022
Nifty and Bank Nifty Futures trading on 20th, Oct., 2022
Rules:
Chart : candlestick 5m chart.
Indicator : NO INDICATOR
NIFTY
Draw Two horizontal lines on the 5m candle stick chart, at 17580 and 17450.
Buy if the candle closes above 17580 keep stop loss lowest low of the previous 4 candles, book profit 40 to 50 points.
Sell if the candle closes below 17450 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 40670 and 40240.
Buy if the candle closes above 40670 keep stop loss lowest low of the previous 4 candles, book profit 150 to 200 points.
Sell if the candle closes below 40240 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 |
|---|---|---|---|---|---|---|---|---|---|
| 17280 | 39280 | 2395 | 1435 | 2320 | 8810 | 3090 | 1925 | 795 | 875 |
My List Of Stocks for short term Trading
Momentum
AEGISCHEM- PNBHOUSING- CONCOR- SYNGENE- ASTRAL- TV18BRDCST- NETWORK18- FLUOROCHEM |
Bullish Stocks as per my scanner AEGISCHEM- PNBHOUSING- CONCOR- SYNGENE- CAMPUS- ALLCARGO- TVSMOTOR- ANURAS- DEVYANI- EIDPARRY- VGUARD- NCC |
Bearish Stocks as per my scanner
OBEROIRLTY- JKIL- PEL- MFSL- WELCORP- BSE- WIPRO- VOLTAS- NIITLTD- ICICIPRULI- ADANITRANS- BSOFT- ADANIPOWER |
