Trade blog for 23-Aug-2021

My Second Successful Trade in BANKNIFTY(Options)

Details:

Today BANKNIFTY started with a boom due to boom in international market on Friday, but eventually became a V shaped market. I traded in the money today and was up by 1900 bucks at the end of the day. Highest trade till now :)

MARKET OVERALL TODAY:

Choosing the money to invest:

Following the same approach as I think this is working for me. In the money trade.

BANKNIFTY 35200 CE was exact replica of  BANKNIFTY and BANKNIFTY 35200 PE was exact opposite of BANKNIFTY.

First Lot: 21 point profit. BANKNIFTY 35200 CE

Used same strategy today to wait for the market to settle and reveal its pattern. 
Took my first bid for 1 lot at 1:58 PM for 224 and exited after a good green candle at 2:42 PM for 255. This was a long wait to see a big candle and it was worth it. I was up by 700 bucks in this trade. 

Second Lot: 49 point profit. BANKNIFTY 35200 PE

Since I had already reached my daily target of 500, I wanted to take another PE as I had a feeling that market is showing resistance at 35250 after a good green candle there will be a good red candle as well.

Entered the trade with thought of gaining around 700 to 800 more t
o touch the last trade(20-Aug) high.

This worked pretty good for me and I was able to get a big red candle after entering at 2:43 PM at 221, just after 35 minutes at 3:18 PM the market was down to a very good point 270 and I gained around 1200 buck, I was seeing the market going further down but had to get out before angel auto cut my trade. I am not confident at how they do this.

Conclusion:

I am happy after second day trade as I have covered around 3500 of 7K loss that I have already did before entering this. Now I am 3500 back, and I will make it up.

Thanks :)










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