My Trade plan for
Nifty and Bank Nifty Futures trading on 18th, Nov., 2022
Nifty and Bank Nifty Futures trading on 18th, Nov., 2022
Rules:
Chart : candlestick 5m chart.
Indicator : NO INDICATOR
NIFTY
Draw Two horizontal lines on the 5m candle stick chart, at 18480 and 18350.
Buy if the candle closes above 18480 keep stop loss lowest low of the previous 4 candles, book profit 40 to 50 points.
Sell if the candle closes below 18350 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 42570 and 42480.
Buy if the candle closes above 42570 keep stop loss lowest low of the previous 4 candles, book profit 150 to 200 points.
Sell if the candle closes below 42480 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 | 18220 | 18550--18136 | 18358 | 18226 | 17630 | 0.87 |
| BANK NIFTY | 41800 | 43076--41838 | 42482 | 41933 | 40267 | 1.20 |
My List Of Stocks for short term Trading
Momentum
TIMKEN- ENGINERSIN- GODFRYPHLP- EQUITASBNK- SHK- TATACOFFEE- CYIENT |
Bullish Stocks as per my scanner TIMKEN- ENGINERSIN- UNIONBANK- GODFRYPHLP- NLCINDIA- EQUITASBNK- NBCC- TATACOFFEE- IRFC |
Bearish Stocks as per my scanner
EICHERMOT- ABFRL- IGL- ADANIPOWER- TATAMTRDVR- INDIACEM- MPHASIS- DEEPAKFERT- PRAJIND- PPLPHARMA- NAUKRI |
