My Trading Plan for Nifty Bank Nifty 6th October 2015
This is how I will Trade Today
Will buy Nifty above 8241 or Sell it short below 8119 with appropriate stop loss.
Will Buy Bank Nifty above 18024 or Short sell it below 17620 with Stop losses.
For buying and Selling I will use deep in the money calls or deep in the money puts.
I am not sure than indices will touch my levels.
If the indices fail to do so I will remain on sidelines.
Trade Result :
Bought Bank Nifty Puts and Nifty puts Simultaneously When bank Nifty touched 17620 and Nifty was trading at 8148.
Stopped out at bank Nifty 17585 and Nifty 8138 when market started up move at 1344 IST.
Exited with Nominal profit only after accounting for Brokerage.
This is how I will Trade Today
Will buy Nifty above 8241 or Sell it short below 8119 with appropriate stop loss.
Will Buy Bank Nifty above 18024 or Short sell it below 17620 with Stop losses.
For buying and Selling I will use deep in the money calls or deep in the money puts.
I am not sure than indices will touch my levels.
If the indices fail to do so I will remain on sidelines.
Trade Result :
Bought Bank Nifty Puts and Nifty puts Simultaneously When bank Nifty touched 17620 and Nifty was trading at 8148.
Stopped out at bank Nifty 17585 and Nifty 8138 when market started up move at 1344 IST.
Exited with Nominal profit only after accounting for Brokerage.
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