My Trade plan for
Nifty and Bank Nifty Futures trading on 12th Oct., 2023
Nifty and Bank Nifty Futures trading on 12th Oct., 2023
Rules:
Chart : candlestick 5m chart.
Indicator : NO INDICATOR
NIFTY
Draw Two horizontal lines on the 5m candle stick chart, at 19840 and 19780.
Buy if the candle closes above 19840 keep stop loss lowest low of the previous 4 candles, book profit 40 to 50 points.
Sell if the candle closes below 19780 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 44590 and 44410.
Buy if the candle closes above 44590 keep stop loss lowest low of the previous 4 candles, book profit 150 to 200 points.
Sell if the candle closes below 44410 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 | 19510 | 20010--19612 | 19802 | 19554 | 19705 | 1.18 |
| BANK NIFTY | 44630 | 44984--44049 | 44546 | 44261 | 44908 | 0.99 |
My List Of Stocks for short term Trading
Momentum
LXCHEM- TANLA- WELSPUNIND- APLLTD- SHARDACROP- WELCORP- KPITTECH |
Bullish Stocks as per my scanner APLLTD- WELCORP- SUNTECK- ECLERX- ITI- NAMINDIA BSE- MCX- CENTURYTEX- BLUESTARCO- TVSMOTOR- PRAJIND- LICHSGFIN |
Bearish Stocks as per my scanner
IDEAFORGE- SIGACHI- BERGEPAINT- MAHLOG- SWSOLAR |
