Simple Directional BankNifty Scalping Strategy 20/6 EMA Game

BankNifty Scalping Strategy 20/6 EMA Game

Firstly Draw BankNifty support and Resistance level ( S1,S2, Pivot R1, R2)


Below are the rules
1. Observe the chart on 10 mins timeframe and look for breach/Break of EMA20(Brownline)
2. Wait for second candle confirmation of trend and then take your position in direction Breach(Put ) and break (Call).
3. Now switch to one minute candle and ride until the trend reverse.
4. Your first Line of Defense (SL) is breach or break of EMA 6 where you can exit.

Strictly adhere to the following rules for trend confirmation
1. Two Candle rule - one should breach/break and second full body candle is away from EMA 20 towards the direction of trend
2. RSI confirmation Bank Nifty bullish above 51 RSI 14 and extremely bullish above 60, And its bearish below 50 RSI 14 and extremely bearish below 42 RSI 14
3. Do Not take trade without trend confirmation