Trading performance of 21st Jan 2021 (Weekly Expiry)

 My calls performance on 21st 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 +189

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

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

·       Today At 12.15 PM once strong Green candle break the 1st 5 min candle high and next candle also green

·       So their is a possible for market go UP side

·         So I decided to give a Call in Banknifty 21st Jan 32500 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  1:2 Ratio

·        At 01.00 PM my stop loss was hit before that Target 1 only hit

Reason for my Entry: (2nd Trade)

·       Today At 02.25 PM once strong Red candle break the 1st 5 min candle low and "R3" (Both are broken by single candle)

·       And the 02.30 PM candle also red

·       So their is a possible for market go Down side (And also today is expiry day)

·         So I decided to give a Call in Banknifty 21st Jan 32900 PE (Buy above 325) 

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

·        I fix my target  "S3"

Note: 

·       At 01.45 PM red candle break the 1st 5 min candle high, Their is a possible for market go down and touch 1st 5 min candle low  

·       But next candle is green so i thought  buyers are still in active so possible for market go up or in side ways 

·       Due to weekly expiry i did not enter in PE option at that time 

  

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