My Trade plan for
Nifty and Bank Nifty Futures trading on 9th. Jan., 2024
Nifty and Bank Nifty Futures trading on 9th. Jan., 2024
Rules:
Chart : candlestick 5m chart.
Indicator : NO INDICATOR
NIFTY
Draw Two horizontal lines on the 5m candle stick chart, at 21620 and 21490.
Buy if the candle closes above 21620 keep stop loss lowest low of the previous 4 candles, book profit 40 to 50 points.
Sell if the candle closes below 21490 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 47720 and 47380.
Buy if the candle closes above 47720 keep stop loss lowest low of the previous 4 candles, book profit 150 to 200 points.
Sell if the candle closes below 47380 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 | 21728--21297 | 21590 | 21681 | 21238 | 0.61 |
| BANK NIFTY | 47460 | 47948--46951 | 47664 | 48030 | 47153 | 0.59 |
My List Of Stocks for short term Trading
Momentum
TRIDENT- CGCL- JBMA- NETWORK18- TV18BRDCST- MMTC- NAVINFLUOR- BANDHANBNK |
Bullish Stocks as per my scanner CGCL- JBMA- CENTURYTEX- GODREJIND- BLS- KALYANKJIL- OLECTRA- LODHA- CHALET-- TVSMOTOR BEML- HINDPETRO- SOBHA- ADANIPORTS |
Bearish Stocks as per my scanner
MAPMYINDIA- OSWALSEEDS- SHILPAMED- GATECHDVR- ZAGGLE- MFSL- JISLJALEQS |
