My Trade plan
Nifty and Bank Nifty Spot trading levels for 31st, Oct., 2024
Nifty and Bank Nifty Spot trading levels for 31st, Oct., 2024
Rules:
Chart : candlestick 5m chart.
Indicator : NO INDICATOR
NIFTY
Draw Two horizontal lines on the 5m candle stick chart, at 24410 and 24290.
Buy if the candle closes above 24410 keep stop loss lowest low of the previous 4 candles, book profit 40 to 50 points.
Sell if the candle closes below 24290 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 52190 and 51730
Buy if the candle closes above 52190 keep stop loss lowest low of the previous 4 candles, book profit 150 to 200 points.
Sell if the candle closes below 51730 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 | 24680 | 24583--24096 | 24382 | 24411 | 25613 | 0.79 |
| BANK NIFTY | 51280 | 52387--51227 | 51920 | 51249 | 52604 | 1.08 |
My List Of Stocks for short term Trading
Momentum
PRECAM- PARADEEP- KITEX- CHOICEIN- RAMCOCEM- HINDZINC- FEDERALBNK- WIPRO |
Bullish Stocks as per my scanner POLYMED- RADICO- USHAMART- MFSL |
Bearish Stocks as per my scanner
KOTAKBANK- INDUSTOWER- RELIGARE- ZYDUSLIFE- MMFIN- OIL- PCBL- SBILIFE- BIOCON- DRREDDY- AUBANK- CIPLA- CHENNPETRO- SHALBY- FIVESTAR |
