NIFTY, BANKNIFTY FUT Strategy (2 Candle Theory)

[IP10]

Required indicators:

• VWAP
• Supertrend (10,2)
• RSI
• Volume
• Horizontal bar at 1,25,000 for NIFTY FUT
• Horizontal bar at 50,000 for BANKNIFTY FUT

BUY

1. 2 consecutive green candles (volume more than 125k for NIFTY FUT / 50k for BANKNIFTY FUT)
2. BANKNIFTY FUT price > VWAP
3. Supertrend indicating BUY
4. RSI between 50-75
5. Entry @ start of 3rd candle
6. Stoploss below low of 1st candle
7. Time frame: 3 min

SELL

1. 2 consecutive red candles (volume more than 125k for NIFTY FUT / 50k for BANKNIFTY FUT)
2. BANKNIFTY FUT price < VWAP
3. Supertrend indicating SELL
4. RSI between 25-50
5. Entry @ start of 3rd candle
6. Stoploss below high of 1st candle
7. Time frame: 3 min

[DRK]

Sell Example

[DRK]

Buy Example