My Trade plan for
Nifty and Bank Nifty Futures trading on 6th, Oct., 2022
Nifty and Bank Nifty Futures trading on 6th, Oct., 2022
Rules:
Chart : candlestick 5m chart.
Indicator : NO INDICATOR
NIFTY
Draw Two horizontal lines on the 5m candle stick chart, at 17310 and 17220.
Buy if the candle closes above 17310 keep stop loss lowest low of the previous 4 candles, book profit 40 to 50 points.
Sell if the candle closes below 17220 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 39350 and 39040.
Buy if the candle closes above 39350 keep stop loss lowest low of the previous 4 candles, book profit 150 to 200 points.
Sell if the candle closes below 39040 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 |
|---|---|---|---|---|---|---|---|---|---|
| 16980 | 38440 | 2347 | 1412 | 2277 | 8830 | 3025 | 1832 | 752 | 869 |
My List Of Stocks for short term Trading
Momentum
ANGELONE- MMFIN- IDFCFIRSTB- EASEMYTRIP- IDFC- KALYANKJIL- DELTACORP- ZENSARTECH- GODFRYPHLP |
Bullish Stocks as per my scanner ANGELONE- VAKRANGEE- MAZDOCK- NHPC- IDFCFIRSTB- EASEMYTRIP- VBL- IDFC- ZEEL- KALYANKJIL- INDUSINDBK- TRITURBINE- ABCAPITAL- JINDALSTEL |
Bearish Stocks as per my scanner
KPITTECH- DABUR- MARICO- TEJASNET- GUJGASLTD- AWL- POWERGRID- KEC- GSPL- SUVENPHAR- DBREALTY |
