Performance on 01st Dec 2020

My calls performance on 01st Dec 2020 shown in chart below
Reason for my Entry: 
  • Today's 1st candle is big red candle so who are all believe today's market to be fallen and buy the put option they all are traped 
  • 2nd candle not break and close below the 1st candle low and same time their is a "S3" and candle are taking support at "S3" so market is possible go UP side.
  • So i decided to give a call in Call option of Bank nifty 03rd Dec 29800 CE at BUY above 350 
  • Important Points is where to kept your stop loss below "S3" or 1:2 ratio for out target 
  • I fix my target is today's High

  Why i choose 29800 CE 
  • Today's high is marked in pink color line (29792 so i choose nearest one 29800 CE option give a good movement)
Check the below screenshot of my calls posted today in my APP (App link given in Follow me Tab)

                                   

Comments

  1. Sir what are the 3 three indicator u r using sir...plz .let me know n thank u for ur knowledge

    ReplyDelete
    Replies
    1. 1.Camarilla pivot point(Favourite and main indicator used show in chart "R3 & S3"

      2.Moving average

      3. Standard pivot point

      Delete
  2. Sir why u choose most cases the option premium at 350 above is there any break out exactly at that levels on that day movement

    ReplyDelete

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