My Trade plan for
Nifty and Bank Nifty Futures trading on 8th, August, 2023
Nifty and Bank Nifty Futures trading on 8th, August, 2023
Rules:
Chart : candlestick 5m chart.
Indicator : NO INDICATOR
NIFTY
Draw Two horizontal lines on the 5m candle stick chart, at 19620 and 19530.
Buy if the candle closes above 19620 keep stop loss lowest low of the previous 4 candles, book profit 40 to 50 points.
Sell if the candle closes below 19530 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 45020 and 44660.
Buy if the candle closes above 45020 keep stop loss lowest low of the previous 4 candles, book profit 150 to 200 points.
Sell if the candle closes below 44660 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 | 19680 | 19792--19401 | 19580 | 19536 | 19660 | 1.08 |
| BANK NIFTY | 45440 | 45346--44330 | 44874 | 44980 | 45522 | 0.74 |
My List Of Stocks for short term Trading
Momentum
POLYMED- HFCL- RUSTOMJEE- ITI- FINCABLES- PAYTM- VIPIND- SANOFI- CYIENT |
Bullish Stocks as per my scanner POLYMED- FINCABLES- PAYTM- CYIENT- GRAPHITE- ADANITRANS- DIVISLAB- JUBLPHARMA- MM- POONAWALLA- MEDANTA- CSBBANK- LICHSGFIN- SYNGENE- AUROPHARMA |
Bearish Stocks as per my scanner
IGL- HINDPETRO- RAMCOCEM- BAJFINANCE- SBIN- CHOLAFIN- BRITANNIA- CHENNPETRO- DCXINDIA- SBCL |
