My Trade plan
Nifty and Bank Nifty Spot trading levels for 17th Oct., 2024
Nifty and Bank Nifty Spot trading levels for 17th Oct., 2024
Rules:
Chart : candlestick 5m chart.
Indicator : NO INDICATOR
NIFTY
Draw Two horizontal lines on the 5m candle stick chart, at 25060 and 24900.
Buy if the candle closes above 25060 keep stop loss lowest low of the previous 4 candles, book profit 40 to 50 points.
Sell if the candle closes below 24900 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 51940 and 51750
Buy if the candle closes above 51940 keep stop loss lowest low of the previous 4 candles, book profit 150 to 200 points.
Sell if the candle closes below 51750 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 | 25240 | 25220--24720 | 24991 | 24964 | 24799 | 0.54 |
| BANK NIFTY | 51980 | 52380--51220 | 51848 | 51050 | 52604 | 1.02 |
My List Of Stocks for short term Trading
Momentum
MUNJALAU- GOPAL- MOL- HIMATSEIDE- AMBER- VPRPL- ADFFOODS- HDFCAMC- TIMETECHNO- TBZ- JUBLINGREA- WABAG- MOTILALOFS- RGL |
Bullish Stocks as per my scanner AMBER- ELECON- BHARTIHEXA- HSCL- MFSL- BHARTIARTL- LLOYDSME- FIVESTAR- ANANTRAJ- CGPOWER- KALYANKJIL |
Bearish Stocks as per my scanner
INDUSINDBK- TATAMOTORS- ADANIPOWER- SRF- HEROMOTOCO- NORTHARC- ZYDUSLIFE- COCHINSHIP- MANINDS- VAISHALI |
