My Trade plan for
Nifty and Bank Nifty Futures trading on 17th, Oct., 2022
Nifty and Bank Nifty Futures trading on 17th, Oct., 2022
Rules:
Chart : candlestick 5m chart.
Indicator : NO INDICATOR
NIFTY
Draw Two horizontal lines on the 5m candle stick chart, at 17280 and 17165.
Buy if the candle closes above 17280 keep stop loss lowest low of the previous 4 candles, book profit 40 to 50 points.
Sell if the candle closes below 17165 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 39680 and 39320.
Buy if the candle closes above 39680 keep stop loss lowest low of the previous 4 candles, book profit 150 to 200 points.
Sell if the candle closes below 38320 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 |
|---|---|---|---|---|---|---|---|---|---|
| 17215 | 38615 | 2347 | 1408 | 2315 | 8810 | 3060 | 1925 | 770 | 878 |
My List Of Stocks for short term Trading
Momentum
IFBIND- BCG- GNFC- ELGIEQUIP |
Bullish Stocks as per my scanner FEDERALBNK- ANGELONE- PERSISTENT- RAJESHEXPO- TRITURBINE- IDFC- NH- KALYANKJIL- HCLTECH- LT- RITES- MSUMI- LTI- PCBL |
Bearish Stocks as per my scanner
ICICIPRULI- INDIGO- BSOFT- PEL- OBEROIRLTY- VOLTAS- SRTRANSFIN- WIPRO- RELIANCE- ADANIPORTS- TATAMOTORS- CYIENT- SBICARD- ADANIPOWER- TRF |
