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  • Rules of Scalping Banknifty

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    muin ali
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    The document outlines rules for scalping the Banknifty index. It provides criteria for entering long (buy) and short (sell) positions. The buy entry rules include when the 10EMA crosses above the 13EMA or the MACD line crosses above the zero line. The sell entry rules include when the 10EMA crosses below the 13EMA or the MACD line crosses below the zero line. It also provides indicators to use for exiting positions and placing stop losses.

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    The document outlines rules for scalping the Banknifty index. It provides criteria for entering long (buy) and short (sell) positions. The buy entry rules include when the 10EMA crosses above the 13EMA or the MACD line crosses above the zero line. The sell entry rules include when the 10EMA crosses below the 13EMA or the MACD line crosses below the zero line. It also provides indicators to use for exiting positions and placing stop losses.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    5 views1 page

    Rules of Scalping Banknifty

    Uploaded by

    muin ali
    The document outlines rules for scalping the Banknifty index. It provides criteria for entering long (buy) and short (sell) positions. The buy entry rules include when the 10EMA crosses above the 13EMA or the MACD line crosses above the zero line. The sell entry rules include when the 10EMA crosses below the 13EMA or the MACD line crosses below the zero line. It also provides indicators to use for exiting positions and placing stop losses.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    of 1

    Rules of Scalping Banknifty

    1.BUY ENTRY- 2.SELL ENTRY


    (a.) Price candle close above 10EMA or (a.) Price candle close below 10EMA or
    10EMA cross above 13EMA 10EMA cross below 13EMA
    (b.)MACD crossover ,Signal Line above (b.)MACD crossover ,Signal Line below
    Zero line or divergence Zero line or divergence
    Condition- Identification of the bullish Condition- Identification of the bearish
    trend – trend –
    *PUT writing atleast greater than CALL *CALL writing atleast greater than PUT
    writing writing
    *price should be above VWAP,50EMA, *price should be below VWAP,50EMA,
    *Accumulation/ Advancing phase *Distribution/Decline phase
    *Strength RSI should be above 50 *Strength RSI should be below 50
    EXIT-(a.)10EMA cross below 13EMA EXIT-(a.)10EMA cross above 13EMA
    (b.)Major Trendline Resistance (b.)Major Trendline Support
    (c.)Camarilla/CPR Resistance(R2,R3 &R4) (c.)Camarilla/CPR Support (S2,S3 & S4)
    (d.)OI resistance(roundup strike) (d.)OI support(roundup strike)
    (e.)Pressure on Candle (e.)Pressure on Candle
    (f.)No confidence on trade (f.)No confidence on trade
    STOPLOSS STOPLOSS
    (a.)50-100-200EMA support (a.)50-100-200EMA Resistance
    (b.)VWAP support (b.)VWAP resistance
    (c.)Distribution phase-initiate (c.)Accumulation phase-initiate
    (d.)150 point/a day or 70-80 point/trade (d.)150 point/a day or 70-80 point/trade

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