27th Bank nifty review

 Trade logic of 27th Jun 2022 Bank nifty

Chart Setup: 

• I use only Bank nifty indices (Spot) chart i never use the bank nifty options chart (or) bank nifty Futures chart

•  I use only 5 min time frame i never use other time frame like 3 min, 1 min or Higher time frame 15 min & 30 min

• To mark the 1st 5 min candle high and low 

All above 3 points are set after that only i planned for trading 

Indicator : 

• I use the Camarilla Pivot point indicator "R3" & "S3" (Only the Resistance 3 & Support 3) 

1st Trade:

• Today market open with GAP UP with Red candle. When ever market open with GAP i marked the GAP high and low it's called Gap border

• At 09.45AM candle break the 1st 5min LOW and GAP border high and next candle open and close below the 1st 5min low and Gap border high . So it's perfect Breakout pattern

• Based on this pattern market movement is downside so i give a call in Banknifty CE option

• Entry time is 09.55AM candle

• I place the stop loss high of 09.40Am candle

• I fix my Target as next important Resistance 13th Jun Gap border LOW (1:1.5 ratio)

What is GAP  and How to trade Using GaP border video link

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