My Trade plan for
Nifty and Bank Nifty Futures trading on 1st August, 2023
Nifty and Bank Nifty Futures trading on 1st August, 2023
Rules:
Chart : candlestick 5m chart.
Indicator : NO INDICATOR
NIFTY
Draw Two horizontal lines on the 5m candle stick chart, at 19775 and 19670.
Buy if the candle closes above 19775 keep stop loss lowest low of the previous 4 candles, book profit 40 to 50 points.
Sell if the candle closes below 19670 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 45710 and 45475.
Buy if the candle closes above 45710 keep stop loss lowest low of the previous 4 candles, book profit 150 to 200 points.
Sell if the candle closes below 45475 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 | 19550 | 19950--19555 | 19708 | 19692 | 18951 | 0.85 |
| BANK NIFTY | 45825 | 46166--45135 | 45672 | 45713 | 44293 | 0.90 |
My List Of Stocks for short term Trading
Momentum
BLS- BEML- HINDCOPPER- WELSPUNIND- IRFC- MMTC- HEG- NBCC- NCC- GRINDWELL- ADANIPOWER- IBULHSGFIN- COROMANDEL |
Bullish Stocks as per my scanner BEML- HEG- ADANIPOWER- SUPREMEIND- COROMANDEL- AJANTPHARM- ASTERDM- NAZARA- CENTURYTEX- CREDITACC- SHRIRAMFIN- GODFRYPHLP- KRBL- IIFL- APLAPOLLO- ACC |
Bearish Stocks as per my scanner
SRF- UPL- JKLAKSHMI- DEEPAKFERT- BRITANNIA |
