Bank Nifty opens at – 47874 ( -342 )
Nifty opens at – 22345 ( -114 )
Buy Banknifty march 47700 cE – [ 09:47 ] aM
Option Buy Price – ( 605 )
Stoploss – Aprox ( 2000 )
Target – ( 2000+ )
(30) quantity
Reason for call buying :-
At 9:07 am, pre market gap down opens with decent points. On last trading day, market gave downfall at evening time. Which indicate that buyers may be exit out from market.
So i try to find out buying side setup. But final decision made after market opening, because after that gap down, directly buying may be harmful.
After opening, Banknifty take resistance from 48000 level and try to going downside. Then it gave 1st candle low breakdown. That’s my buying side entry setup. But Sensex & Nifty Nifty try to take support from 1st candle low. So i decide to wait for more confirmation.
After few minutes, Bank Nifty again breakdown but i wait. Then Bank Nifty try to going upside slowly-2.
After that, Bank Nifty form a big red candle. After that, i decide to enter in buying side trade.
Result :-
Profit - ( +3307 ) - 01:55 pm
~~~
- Aprox 11am, Sensex breakout 74000 level. Which is my exit point and profit showing aprox 5000.
- But i didn’t exit and wait for breakout in Bank Nifty of 48000 level. Which is a wrong decision.
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