My Trade plan for
Nifty and Bank Nifty Futures trading on 29th. Feb., 2024
Nifty and Bank Nifty Futures trading on 29th. Feb., 2024
Rules:
Chart : candlestick 5m chart.
Indicator : NO INDICATOR
NIFTY
Draw Two horizontal lines on the 5m candle stick chart, at 22060 and 21910.
Buy if the candle closes above 22060 keep stop loss lowest low of the previous 4 candles, book profit 40 to 50 points.
Sell if the candle closes below 21910 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 46250 and 45850.
Buy if the candle closes above 46250 keep stop loss lowest low of the previous 4 candles, book profit 150 to 200 points.
Sell if the candle closes below 45850 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 | 21940 | 22170--21730 | 22032 | 22128 | 21662 | 0.53 |
| BANK NIFTY | 46780 | 46445--45480 | 46190 | 46830 | 46292 | 0.58 |
My List Of Stocks for short term Trading
Momentum
MAZDOCK- COCHINSHIP- KEC- TANLA- CCL- IIFL- HAVELLS- AEGISCHEM- EMAMILTD- NYKAA- PATANJALI |
Bullish Stocks as per my scanner RAINBOW- AEGISCHEM- HAVELLS- VGUARD- POLICYBZR- ASTERDM- JUSTDIAL- TCS- INTELLECT- MAXHEALTH- TATACOMM- ICICIGI |
Bearish Stocks as per my scanner
UPL- TATACHEM- BATAINDIA- ASIANPAINT- PVRINOX- CHOLAFIN- GMDCLTD- SYRMA- MOIL- SULA- INDUSINDBK- AUBANK- PAYTM |
