Trading performance of 23rd Dec 2020

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My calls performance on 23rd Dec 2020 shown in chart below

 


 



Reason for my Entry: 

·       Today SGX nifty opened with Negative 

·       Today's 1st 5 min Green candle open between "R3" and "S3" and the distance between "R3 and S3" is huge

·       So i decided to enter into trade after 1st 5 min candle high or low was broken   

·       I  marked today 1st 5min candle high low in pink line in chart

·         At the time of 09.45 AM green candle break the 1st 5min candle high and previous 2 candles are green so their is a possibility for market to go upside

·         So I decided to give a Call in Banknifty 24th Dec 29400 CE (Buy above 350) 

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

·        I fix my target  "R3"


  Why i choose 29400 CE 

·         Today market is taking support at 1st 5min candle low (29457) so i decided to trade in 29400 CE 

·         I strongly believe 1st 5min candle low and S3 not allow to go market down side 

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


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