Trading performance of 05th Jan 2021

  My calls performance on 05th Jan 2021 shown in chart below

Reason for my Entry: (1st Trade)

·       Today SGX nifty opened with Positive & In pre market bank nifty closed at Positive

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

·       Today's 1st 5min candle high and low marked in Yellow line ( Chart )

·       1st 5min candle high and "S3" are same place

·       3rd candle break the "S3" and 1st candle high

·       Their is a possibility for UP trend

·         So I decided to give a Call in Banknifty 07th Jan 31100 CE (Buy above 325) 

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

·        I fix my target  as "R3"

Reason for my Entry: (2nd Trade)

·       "R3" was broken by Green candle at 12.30 PM and today is strong Up trend already

·        And 12.35 PM candle also green candle and open and close above "R3"

·         So I decided to give a Call in Banknifty 07th Jan 31200 CE (Buy above 375) 

·       Stop loss was 12.00 PM candle's Low because previous candle is red candle and before candle are very small (Most important point in trading is always trail your Stop loss)

·        I fix my target  1:2 

·         But at 01.25 PM my stop loss was hit and same concept happen ("R3" once again broken by green candle and expected breakout happen)

  Why i choose 31100 CE 

·         Today "S3" was broken and candle close above 31100 so i decided to trade in 31100 CE

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