Bank Nifty opens at – 48219 ( +159 )
Nifty opens at – 22353 ( -44 )
Buy Banknifty march 48400 pE – [ 09:31 ] aM
Option Buy Price – ( 433 )
Stoploss – Aprox ( 2000 )
Target – ( 2000+ )
(30) quantity
Reason for put buying :-
At 9:07 am, pre market slightly gap up opens. I decide to wait for market opening. So that i can make any decision.
After opening, market try to going upside. I wait for my setup formation on chart. After few minutes, Nifty breakout 22500 level & Bank Nifty it’s 1st candle high.
Market may not having any stop loss pending upside. Also after that breakout, only buyers try to enter in market. And market can move downside for targeting these buyers stop losses.
So because of these reasons, i decide to enter in selling/out buying.
Result :-
Profit - ( +139 ) - 09:38 am
~~~
- I change my position from selling to buying.
[2] Buy Banknifty march 48300 cE – [ 09:38 ] aM
Option Buy Price – ( 575 )
Stoploss – Aprox ( 2000 )
Target – ( 2000+ )
(30) quantity
reason for call buying :-
After enter in selling, Sensex try to take resistance from last day high. And Bank Nifty is nearby 48500 level.
After that upside momentum, buyers may exit out from market. So we can’t target buyers on today’s market.
Also i assume that Bank Nifty is nearby 48500 and it may go upside for that level breakout.
So i decide to change my position from selling to buying and enter in call buying.
That is a wrong decision and i broke my own rule of single trade in a day and not change position.
Result :-
Loss - ( -1950 ) - 01:50 pm
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