My Trade plan for
Nifty and Bank Nifty Futures trading on 7th, Dec., 2022
Nifty and Bank Nifty Futures trading on 7th, Dec., 2022
Rules:
Chart : candlestick 5m chart.
Indicator : NO INDICATOR
NIFTY
Draw Two horizontal lines on the 5m candle stick chart, at 18795 and 18690.
Buy if the candle closes above 18795 keep stop loss lowest low of the previous 4 candles, book profit 40 to 50 points.
Sell if the candle closes below 18690 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 43515 and 43350.
Buy if the candle closes above 43515 keep stop loss lowest low of the previous 4 candles, book profit 150 to 200 points.
Sell if the candle closes below 43350 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 | 18510 | 18779--18505 | 18649 | 18649 | 18511 | 0.71 |
| BANK NIFTY | 42780 | 43750--42525 | 43174 | 43119 | 42463 | 0.78 |
My List Of Stocks for short term Trading
Momentum
JSL- PNCINFRA- IDBI- UNIONBANK- WESTLIFE- EQUITASBNK |
Bullish Stocks as per my scanner JSL- PNCINFRA- IDBI- UNIONBANK- WESTLIFE- EQUITASBNK- ELGIEQUIP- BANKINDIA- RCF- RENUKA- INDIANB- IOB- MAHABANK |
Bearish Stocks as per my scanner
CROMPTON- APLAPOLLO- GLENMARK- MAZDOCK- RELIGARE- HINDPETRO- MIDHANI- COCHINSHIP- EMAMILTD- BPCL- WOCKPHARMA- POLICYBZR- NDTV |
