Trading performance of 13th Jan 2021

  My calls performance on 13th 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 +207

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

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

·       At 11.05 PM one strong red candle open and close below "R3"

·         So I decided to give a Call in Banknifty 14th Jan 32700 PE (Buy above 350) 

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

·        I fix my target  as "S3"

Reason for my Entry: (2nd Trade)

·       At 02.05 PM green candles open and close above "S3"

·        Next  candle also green, So their is a "S3" rejection possible for trend reversal

·         So I decided to give a Call in Banknifty 14th Jan 32200 CE (Buy above 375) 

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

·       Target  is "R3"

  Why i choose 32700 PE 

·         Today market is exactly reverse from 32700 but after that market not try to break the level so their is a support so i decided to trade in 32700 PE

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