My Trade plan for
Nifty and Bank Nifty Futures trading on 23rd. Feb., 2024
Nifty and Bank Nifty Futures trading on 23rd. Feb., 2024
Rules:
Chart : candlestick 5m chart.
Indicator : NO INDICATOR
NIFTY
Draw Two horizontal lines on the 5m candle stick chart, at 22260 and 22060.
Buy if the candle closes above 22260 keep stop loss lowest low of the previous 4 candles, book profit 40 to 50 points.
Sell if the candle closes below 22060 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 47020 and 46680.
Buy if the candle closes above 47020 keep stop loss lowest low of the previous 4 candles, book profit 150 to 200 points.
Sell if the candle closes below 46680 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 | 21820 | 22440--21995 | 22115 | 21880 | 21662 | 1.05 |
| BANK NIFTY | 46080 | 47411--46426 | 46790 | 45904 | 46292 | 0.90 |
My List Of Stocks for short term Trading
Momentum
GRAPHITE- ABB- DATAPATTNS- TATAINVEST- NCC- GRINFRA- HEG- MTARTECH |
Bullish Stocks as per my scanner TATAINVEST- NCC- CUMMINSIND- GPPL- POLICYBZR- INDHOTEL- RAIN- BAJAJAUTO- SWSOLAR- HCLTECH- CANBK |
Bearish Stocks as per my scanner
IPL- KNRCON- KOTAKBANK- MOIL- IRFC- RCF- BANKINDIA- RELINFRA- GSPL- INDUSINDBK- IIFLSEC- INOXGREEN- SHRIRAMPPS |
