Trading performance of 21st Dec 2020

 

My calls performance on 21st Dec 2020 shown in chart below


Reason for my Entry: 

·       Today SGX nifty opened with Negative & Bank nifty index also open -118 in pre market

·       Today's 1st 5 min Red candle close below "S3" 

·         So there is a high possibility for down trend 

·       But i will enter into the trade only after getting confirmation  (my confirmation is today's 1st 5min candle low was broken by Red candle ) i get confirmation at 12.50 PM

·         So I decided to give a Call in Banknifty 24th Dec 30500 PE (Buy above 350) 

·       Stop loss was previous candle's High (Most important point in trading is always trail your Stop loss)

·        I fix my target in the ratio of 1:2 


  Why i choose 30500 PE 

·         Today market is reversed from the range of 30500 to 30600, so i decide to trade in 30500 PE 

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





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