Trading performance of 07th Jan 2021

  My calls performance on 07th Jan 2021 shown in chart below

Reason for my Entry: (1st Trade)

·       Today SGX nifty opened with Positive (+5) & In pre market bank nifty closed at +331

·       Today's 1st 5 min Green candle open Above "R3"

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

·       2nd candle try to break the 1st candle high and failed

·       At 10.20 AM one strong red candle break the 1st candle low (2nd time break the 1st candle low so i confidently enter in to trade)

·         So I decided to give a Call in Banknifty 07th Jan 32300 PE (Buy above 350) 

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

·        I fix my target  as "R3"

·        But my stop loss was hit at 10.50 PM (Most important point i follow in trading when my stop loss hit immediately i close the position i never fight with market - Because some time my technique failed or my view goes wrong) 

Reason for my Entry: (2nd Trade)

·       At 11.05 AM candles are taking support at 1st candle low and going up side

·        After continues 2 green candle above 1st candle low i decided to their is possibility for uptrend but very risky 

·         So I decided to give a Call in Banknifty 07th Jan 31800 CE (Buy above 325) 

·       Stop loss was 1st candle Low (Most important point in trading is always trail your Stop loss)

·        I fix my target  1st candle high

  Why i choose 31800 CE 

·         Today market movement is only in sideways so i don't want to  risk at out of the money option and same time today is weekly expiry for the safe reason i select 31800 CE in the money call option 

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