Trading performance of 06th Jan 2021

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   My calls performance on 06th Jan 2021 shown in chart below



Reason for my Entry: (1st Trade)

·       Today SGX nifty opened with Negative & In pre market bank nifty closed at +117

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

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

·       Today 4 times 1st candle high try to broken but failed

·       At 12.15 PM green candle break the 1st candle high

·         So I decided to give a Call in Banknifty 07th Jan 31700 CE (Buy above 350) 

·       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 not broken by Green candle and try many times and failed to break the "R3" that is the sigh of trend reversal

·        At 02.05 PM red candle break the 1st candle low immediately i enter into PE option

·         So I decided to give a Call in Banknifty 07th Jan 32000 PE (Buy above 375) 

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

·        I fix my target  1:2 


  Why i choose 31700 CE 

·         Today from 09.15 to 11.30 market movement in sideways but candle not try to break the 1st candle low (31739) so their is the strong support that is the reason for i choose 31700 CE 

Check the below screenshot of my calls posted today in my APP (Click here to download the app)



Comments

  1. Unknown6 January 2021 at 22:27

    Sir why u choose R3 and S3...reason ...plz post here....thank u

    ReplyDelete
    Replies
    1. Option Trading Calls and Tips7 January 2021 at 02:13

      In camarilla pivot points R3 and S3 is main important levels.
      R3 and S3 is the trend reversal area
      For more details kindly check the Camarilla Pivot trading rules in Google.

      Delete
  2. Unknown7 January 2021 at 04:20

    Ok thanq sir

    ReplyDelete
  3. Unknown7 January 2021 at 04:25

    Till now I I observed that u follow two rules
    1.breakout technique
    2.rejection at support or resistance for reversal
    Is there any other rules to follow
    Shall one can start live trading with these rules what u taught
    If any other precautionary rules to follow plz suggest me......if possible plz rply me sir...I have learn more from u...thanq for that

    ReplyDelete
  4. phani8 January 2021 at 23:26

    Sir you provide Perfect entry and exit levels

    ReplyDelete

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