My Trade plan for
Nifty and Bank Nifty Futures trading on 8th Dec., 2023
Nifty and Bank Nifty Futures trading on 8th Dec., 2023
Rules:
Chart : candlestick 5m chart.
Indicator : NO INDICATOR
NIFTY
Draw Two horizontal lines on the 5m candle stick chart, at 20940 and 20870.
Buy if the candle closes above 20940 keep stop loss lowest low of the previous 4 candles, book profit 40 to 50 points.
Sell if the candle closes below 20870 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 46930 and 46670.
Buy if the candle closes above 46930 keep stop loss lowest low of the previous 4 candles, book profit 150 to 200 points.
Sell if the candle closes below 46670 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 | 20320 | 21110--20692 | 20897 | 20120 | 19755 | 1.03 |
| BANK NIFTY | 45480 | 47332--46349 | 46758 | 44502 | 43945 | 0.98 |
My List Of Stocks for short term Trading
Momentum
BCG- TATAPOWER- ITI- MMTC- SJVN- IEX- HUDCO- HFCL- CONCOR |
Bullish Stocks as per my scanner TATAPOWER- ITI- ATGL- TORNTPOWER- GICRE- CONCOR- LICI- PRESTIGE- SWSOLAR- AEGISCHEM- KEI- MCX- INDIACEM- ADANIGREEN- NIACL- ZYDUSLIFE |
Bearish Stocks as per my scanner
RAJESHEXPO- LAOPALA- AVADHSUGAR- BALRAMCHIN- UTTAMSUGAR |
