9-20 Trading Strategy in Bank Nifty is a very powerful strategy in bank nifty. I’m using the word powerful because it will give the clear direction of the market. It will applicable only bank nifty index only. And 5 minute chart will we use for trading. Now point is how we will trade using this strategy and what will be the stop loss and targets.
How to trade using 9-20 Trading Strategy in Bank Nifty
You can see a chart below of bank nifty. Below image some point will note down,
Step-1: Mark first 9.15 candle’s low and hight
Step-2:
- If 9.20 candle’s break its high, take trad on CALL SIDE
- If 9.20 candle’s break its low, take trad on PUT SIDE
Step-3: Set stop loss below 9.15′ candle
Step-4: Set target at least 1:2 or as per your risk management.
Target and stop loss of 9-20 Trading Strategy in Bank Nifty
Stop Loss: Put stop loss below first 5 minute candle.
Target: Go for 1:1 target at least or book as per your risk management and always use trailing stop loss
Below picture showing both stop loss and target
Rules for 9-20 Trading Strategy in Bank Nifty
- Always use 5 minute chart
- Follow strict stop loss and target
- Always use trailing stop loss so that you can reduce risk of capital
- Take paper trade for few days
- Do trade with 1 lot if you are beginners
Disclaimer: This is only for education and paper trading. We are not promoting trading here or not saying you are follow this directly on real market first do paper trade
