My Trade plan for
Nifty and Bank Nifty Futures trading on 2nd Jan., 2024
Nifty and Bank Nifty Futures trading on 2nd Jan., 2024
Rules:
Chart : candlestick 5m chart.
Indicator : NO INDICATOR
NIFTY
Draw Two horizontal lines on the 5m candle stick chart, at 21835 and 21680.
Buy if the candle closes above 21835 keep stop loss lowest low of the previous 4 candles, book profit 40 to 50 points.
Sell if the candle closes below 21680 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 48450 and 48040.
Buy if the candle closes above 48450 keep stop loss lowest low of the previous 4 candles, book profit 150 to 200 points.
Sell if the candle closes below 48040 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 | 21958--21524 | 21752 | 21620 | 21238 | 1.01 |
| BANK NIFTY | 47460 | 48740--47727 | 48242 | 48113 | 47153 | 0.83 |
My List Of Stocks for short term Trading
Momentum
GSFC- JBMA- SPARC- JUBLPHARMA- IDEA- ENGINERSIN- GNFC- CIEINDIA- LICHSGFIN |
Bullish Stocks as per my scanner GSFC- JBMA- CASTROLIND- JUBLPHARMA- GNFC- LICHSGFIN- GUJGASLTD- FORTIS- GODREJIND- ROUTE- AVANTIFEED- SOBHA |
Bearish Stocks as per my scanner
USHAMART- SHILPAMED- HMAAGRO |
