Bank Nifty Trade idea for 11 Mar
1. Today personally for me it was a very draining day. Traded in big quantity and 5lac loss was flashing on the screen. Between 9.25 and 9.40 got into messy decisions. I took then a confident trade on 9.45 C and caught the big move to recover the loss of 5 lac and booked a 2.28 profit and exited and closed the terminal. It was mentally draining. I am an option buyer and trading without spread in big quantity is not recommended. Especially when gap ups and gap downs it gets tricky. It is always recommended in gaps to trade on a bigger time frame.
2. Tomorrow's levels
US markets are trading negatively by 1.34% and even SGX Nifty and Futures is trading negatively at the time of posting this. If overnight it changes then I will follow price action on the chart
34150 breaks I will look for short
34000/33900 S1 I will look for a Buy opportunity on 15min confirmation
33700/ 33600 S2 I will look for a Buy opportunity on 15 min confirmation
1. Today personally for me it was a very draining day. Traded in big quantity and 5lac loss was flashing on the screen. Between 9.25 and 9.40 got into messy decisions. I took then a confident trade on 9.45 C and caught the big move to recover the loss of 5 lac and booked a 2.28 profit and exited and closed the terminal. It was mentally draining. I am an option buyer and trading without spread in big quantity is not recommended. Especially when gap ups and gap downs it gets tricky. It is always recommended in gaps to trade on a bigger time frame.
2. Tomorrow's levels
US markets are trading negatively by 1.34% and even SGX Nifty and Futures is trading negatively at the time of posting this. If overnight it changes then I will follow price action on the chart
34150 breaks I will look for short
34000/33900 S1 I will look for a Buy opportunity on 15min confirmation
33700/ 33600 S2 I will look for a Buy opportunity on 15 min confirmation