Trading performance of 19th Jan 2021

 My calls performance on 19th 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 +271

·       Today's 1st 5 min Red candle try to break "R3" but failed and closed below "R3"

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

·       Today 3rd candle is green try to break "R3" and failed next candle also rejected by "R3"

·       So their is a possible for market go down but 1st 5min candle low is very close to "R3" so i decided to enter in PE option after 1st 5min candle low was broken by red candle and next one red candle open and close below 1st 5min candle low (But candles are taking support at 1st 5 min candle low and started going Upside)

·       At 10.15 AM green candle break the "R3" and 1st candle high also, Next candle also green

·         So I decided to give a Call in Banknifty 21st Jan 32000 CE (Buy above 370) 

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

·        I fix my target  1:2 Ratio

Note: 

·       At 11.10 AM candles are taking support at "R3" and once again started going Up side but at that time my options hit the stop loss 

·       As per chart candles are very close to my Stop loss based on my risk reward i close the trade at loss

·       Once again i entered at 11.20 AM based on the same technique "R3"  and 1st candle high broken by Green candle 

  Why i choose 32000 CE 

·         Today market down fall was stopped by 1st 5 min candle low (31960) so 32000 also same level, So i decided to trade in 32000 CE

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