My Trade plan for
Nifty and Bank Nifty Futures trading on 29th, Dec., 2022
Nifty and Bank Nifty Futures trading on 29th, Dec., 2022
Rules:
Chart : candlestick 5m chart.
Indicator : NO INDICATOR
NIFTY
Draw Two horizontal lines on the 5m candle stick chart, at 18178 and 18095.
Buy if the candle closes above 18178 keep stop loss lowest low of the previous 4 candles, book profit 40 to 50 points.
Sell if the candle closes below 18095 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 43050 and 42755.
Buy if the candle closes above 43050 keep stop loss lowest low of the previous 4 candles, book profit 150 to 200 points.
Sell if the candle closes below 42755 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 | 18245 | 18268--17970 | 18121 | 18019 | 18511 | 1.06 |
| BANK NIFTY | 43090 | 43418--42235 | 42852 | 42293 | 42463 | 1.16 |
My List Of Stocks for short term Trading
Momentum
RCF- SAREGAMA- ATGL- RITES- ROSSARI- CHALET |
Bullish Stocks as per my scanner RCF- FACT- SAREGAMA- ATGL- LODHA- MAHINDCIE- CANBK- CHAMBLFERT- INDUSINDBK- GODREJCP- JBMA- LICHSGFIN- |
Bearish Stocks as per my scanner
BAJFINANCE- LAURUSLABS- ADANIGREEN- ASTRAMICRO- ADANIPORTS- AMBUJACEM- BAJAJFINSV- JUBLFOOD- AMARAJABAT |
