My Trade plan for
Nifty and Bank Nifty Futures trading on 1st Jan., 2024
Nifty and Bank Nifty Futures trading on 1st Jan., 2024
Rules:
Chart : candlestick 5m chart.
Indicator : NO INDICATOR
NIFTY
Draw Two horizontal lines on the 5m candle stick chart, at 21775 and 21530.
Buy if the candle closes above 21775 keep stop loss lowest low of the previous 4 candles, book profit 40 to 50 points.
Sell if the candle closes below 21530 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 48390 and 48080.
Buy if the candle closes above 48390 keep stop loss lowest low of the previous 4 candles, book profit 150 to 200 points.
Sell if the candle closes below 48080 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 | 21360 | 21948--21515 | 21726 | 21306 | 19755 | 0.92 |
| BANK NIFTY | 47460 | 48799--47785 | 48287 | 47526 | 43945 | 0.80 |
My List Of Stocks for short term Trading
Momentum
IDEA- OLECTRA- KPIL- INDUSTOWER- 3MINDIA- SPARC- EMAMILTD- GODREJIND- GMRINFRA |
Bullish Stocks as per my scanner OLECTRA- GODREJIND- TATACONSUM- AFFLE- CSBBANK- TATAMOTORS- APOLLOTYRE- FORTIS- ENDURANCE- IRCTC- TATAMTRDVR- GLAXO |
Bearish Stocks as per my scanner
PAYTM- FLAIR- SHILPAMED |
