banknifty view intraday

Nifty Bank IndexNSE

Description

⋅ May 18, 2021 6:06 AM

NSE:BANKNIFTY
a 15min close below 33800 can initiate profit booking till 33300
banknifty still trading below 34286 which is previous major swing high

Comments

powerfulProfil66873

⋅ May 18, 2021 6:17 AM

How much profit you make today till now?

vyas1394

⋅ May 18, 2021 6:22 AM

@powerfulProfil66873, not entered into any index trades today. what percentage will be a better question. made 1.5% of my capital today.

powerfulProfil66873

⋅ May 18, 2021 6:48 AM

@vyas1394, I buy 2 Lots of bank nifty 34000 PE@ 315 and book profit @ 415, total profit is 4920.

initially stop loss was 215, then i trail stop loss
trail stop loss @ 325
trail stop loss @ 365
trail stop loss @ 415

Target was 515. but stop loss hit at 415 so i book profit of 200 points.

risk was of 5080 rupees.

vyas1394

⋅ May 18, 2021 6:51 AM

@powerfulProfil66873, great. Keep going

vyas1394

⋅ May 18, 2021 7:05 AM

@powerfulProfil66873, profit of 100 points. good. you can fine-tune the system to a better risk to reward know

powerfulProfil66873

⋅ May 18, 2021 8:06 AM

@vyas1394, actually I am beginner bro,
i follow Pivot points (Camrella) on 5 mins, trend lines on 5 mins, and supply and demand zones on hourly chart.

What do you follow?

and please guide me how i can fine tune my system to a better risk to reward.

vyas1394

⋅ May 18, 2021 8:25 AM

@powerfulProfil66873, You can do that by writing trading journal daily. and "The Secret Of pivot boss "is a very good read on pivot points theory