BTST (Buy Today Sell Tomorrow)
STBT (Sell Today Buy Tomorrow)
BTST any good stock near closing if
1) it has exahusted near lower rsi wall (30-0) in the last few hours, or
2) it has just given a charge towards upper rsi wall (70-100) (preferably after exhausting near lower rsi wall)
3) it has remained by and large within 35-65 range for the entire day after remaining near high rsi wall the previous day (meaning it is in strong uptrend and is refusing to go down before another charge up)
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STBT any good stock near closing if
1) it has exahusted near upper rsi wall in the last few hours, or
2) it has just given a charge towards lower rsi wall (preferably after exhausting near upper rsi wall)
3) it has remained by and large within 35-65 range for the entire day after remaining near lower rsi wall the previous day (meaning it is in strong downtrend and is refusing to go up before another charge down)
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RSI is said to have exhausted if it has banged its head against the upper or lower wall a few times while the price was clearly trending.
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The same applies to nifty futures as well.
Also, obviously, only stock futures should be taken for btst or stbt for cost considerations.
The stock or nifty is likely to give you handsome profit in the morning. Due to global pressures, if the stock chosen as per above rules behaves adversely, it is most likely to rebound.
1 comment:
Your article is always useful.
Thanks.
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