TradingView
eashish93
Jun 11, 2021 6:17 AM

[SHORT] BankNifty Trade with ME Short

NSE:BANKNIFTY15
Nifty Bank IndexNSE

Description

⋅
SHORT BANK NIFTY from 35090.
TP1: 34850
TP2: 34750

Trade active

⋅
Can enter now.

Trade closed manually

⋅
Closed on 34905. 180+ points captured

Trade active

⋅
Enter now

Comment

⋅
35010 is the SL for this.

Comment

⋅
Increase the stoploss a little bit (by 10-20 points), not gonna survive and will hit 34850 in next 1 hour (90% probability).

Comment

⋅
P.S. I don't play on option. Only futures to avoid time decay. Day chart is bearish for both BN and nifty.

Trade active

⋅
No volume, still price going up. Will go down.

Trade closed: stop reached

⋅

Comment

⋅
Done for today. Total 140+ points captured. Still view bearish and will go down today in last hour or on monday.
Triangleconverging
Comments
architk
⋅
what was your SL?
eashish93
⋅
@architk, This is for scalping. Not for day trading or holding for not more than 1-2 hour. So, I close manually. For SL, I watch 3 min and 5 min chart closely. In above case, if you really want SL, then it's 35100 for today.
BN entered below the above trendlines I draw earlier and on day chart it's bearish (same for Nifty). So, no need for SL, if you have enough margin (eg: 2 lot margin and playing with 1 lot).
architk
⋅
@eashish93, Thanks for replying. how about trying to scalp in ATM options by buying them? (Buy PE option in this case)
retail2market
⋅
VERY GOOD
eashish93
⋅
Will try to enter again at 35010 range for short, if it hover there for 15-20 min.
More