My Trade plan for
Nifty and Bank Nifty Futures trading on 28th, Oct., 2022
Nifty and Bank Nifty Futures trading on 28th, Oct., 2022
Rules:
Chart : candlestick 5m chart.
Indicator : NO INDICATOR
NIFTY
Draw Two horizontal lines on the 5m candle stick chart, at 17815 and 17685.
Buy if the candle closes above 17815 keep stop loss lowest low of the previous 4 candles, book profit 40 to 50 points.
Sell if the candle closes below 17685 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 41560 and 41360.
Buy if the candle closes above 41560 keep stop loss lowest low of the previous 4 candles, book profit 150 to 200 points.
Sell if the candle closes below 41360 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 | 17430 | 17895--17585 | 17725 | 17448 | 17312 | 0.82 |
| BANK NIFTY | 40425 | 41922--40675 | 41330 | 40321 | 39285 | 0.93 |
My List Of Stocks for short term Trading
Momentum
SJVN- RBLBANK- IIFL- KARURVYSYA- CENTURYTEX- TATAMTRDVR- PHOENIXLTD- ASTRAZEN- GMRINFRA- JSWSTEEL |
Bullish Stocks as per my scanner GRANULES- CONCOR- JINDALSTEL- BHEL- CUMMINSIND- METROPOLIS- DRREDDY- SJVN- RBLBANK- IIFL- KARURVYSYA- TATAMTRDVR- PHOENIXLTD- JSWSTEEL- PNBHOUSING |
Bearish Stocks as per my scanner
HAVELLS- NIITLTD- MFSL- ICICIPRULI- POLICYBZR- BSOFT- INDIGO- BERGEPAINT- PIDILITIND- DELHIVERY- NYKAA- CHENNPETRO |
