Trading performance of 17th Dec 2020

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My calls performance on 17th Dec 2020 shown in chart below



Reason for my Entry: 

·         Today 1st 5 min candle is opened between the "R3"&"S3" so I waited for a while to break the "R3" (or) "S3" 

·         After a long time 1 Green candle try to break 1st 5 min candle and "R3" at 10.55 AM

·        From 11.00 AM candle are try to break "R3" so their is possible for upside movement in market today  

  • But today market movement from starting to 11.00 AM  in sideways. So I decided to wait for clear breakout. (That means 5 min Green candle close above "R3")

·         So I decided to give a call in Banknifty 17th Dec 30500 CE at BUY above 325 at that time that options current market price is 300

·         Stop loss was previous candle's low

·         Finally I fix the target 1:2 ratio.

 

  Why i choose 30500 CE 

·         Today's "S3" line are placed in 30600 due to sideways market I believe "S3" is give strong support I select 30500 CE option

Check the below screenshot of my calls posted today in my APP (App link given in Follow me Tab)



Comments

  1. Unknown19 December 2020 at 11:39

    Sir how who represent S3 and R3 what indicators u use plz tell ....

    ReplyDelete
    Replies
    1. Option Trading Calls and Tips19 December 2020 at 23:34

      Indicator name is Camarilla Pivot

      Delete
    2. Unknown20 December 2020 at 21:45

      Time frame we have to consider daily and what to consider for no of pivots back sir

      Delete

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