Bank Nifty Live Trading 13Sept2023 By Jaimin

 

    1). Took Trade on Banknifty 13Sept2023 45400 CE On 9:17 AM At 134.00 Rs Because on Spot 45300 Level Is Look Like as A Support Level.

    

    2). On Bank Nifty Spot 45300 Level Is the Support Level When Bank Nifty Rich That Level And Made a Good Green Candle I Bought At Candle Closing.

    3). When Bank Nifty reached Day High Level At 9:26 AM At 45475 And Made an Inverted Hammer Type Candle Then I Booked Profit And Closed The Trade.

    4). On Banknifty 13Sept2023 45400 CE I Booked Profit Because the Call Option Also Created an Inverted Hammer Type Candle And Also Spot Reached At Day High And 45400 CE Reached At Day High On 9:26 AM At 178 Rs.

Bank Nifty Live Trade on 12Sept2023

 

    

    1). Taking Trade On 9:20 AM in Banknifty 13Sept 45800 PE At 203 Rs.

    2). In Bank Nifty On 1 Min Chart Price Action Setup Has Been Shown At 9:20 AM So I Decided To Take Trade On This Setup.

    

    3). On the Bank Nifty Spot Chart, I Decided To Target the day Low. At Day Low I Saw a Dozi Type Candle Then I Booked Profit At This Dozi Candle At 9:30 AM.

    4). I Booked Profit In Put Option At 9:30 AM at 228 Rs And Archived Risk Reward Ratio of 1:4 Because My SL Was 198 Rs.

Bank Nifty 11Sept2023 Intraday Analysis

 

1). Bank Nifty 11Sept2023 Trading I Found Good Setup For Call Buying on 1 Min Chart. But I Am Not Taking Trade Using That Setup Because, On Day High Price At 45353, There Is Huge Resistance For Bank Nifty.

Bank Nifty 08Sept2023 Live Trade By Jaimin

 

1). Bank Nifty Support at 44828 Level on 1 Min Chart. There is Also Have Today Day Low Point Which is Also a Support Level.

2). When the Market Goes Down 44828 Level On the 1 Min Chart at 9:27 AM, I Alert for Taking Trade but I Want More Conformation For This Trade So I Wait For the Closing of This 1 Min Candle So the Candle Closed At 44879 At 9:28 AM Then I Took Trade of 44900 CE.

3). I Took Trade of Banknifty 13Sept 44900 CE Buy At 241 Rs at 9:28 AM Then I Wait For the Market to go to Day High. When the Market Crossed the Day High of 44959 and Then Made the First Red Candle Above The Day High At 9:37 AM I Exited From The Trade at 295.95 Rs.

4). Basically I Captured 55 Points in the Bank Nifty Call Option And Risk Reward Ratio of This Trade is 1:2.

5) 1:2 Risk Reward Ration Means I Took Trade At 241.00 Rs At Candle High From Day Low Point on 1 Min Chart So Day Low is Stop Loss Level For This Trade And Day Low Point is 215.00 Rs So Difference Between SL And Entry is 26 Point And Our Target is Above 50 Rs That Means We Captured Doubled Point of SL.

Bank Nifty 07July2023 Live Trade Analysis By Jaimin

 

   Image 1.0

1). In Bank Nifty On 15 Minutes Charts Candlestick Pattern Shows Us Selling Pressure. If We Sell Bank Nifty Using Only 15 Minutes Charts, We Will 100% Book Loss On This Trade Because Candlestick Charts Do Not Create a Similar Pattern In a Smaller Time Frame.

                                                                              Image 1.1

2). Image 1.1 Is The 1 Minutes Chart of Bank Nifty 07Sept2023 And Image 1.0 Is The 15 Minutes Chart of Bank Nifty. Both Candle Stick Charts were Taken Screen Shot at the Same Time on Live Market. We See on Both Screen Shot Index that Same Market Timing Is the Same but the Candle Stick Pattern Is Different in Different Time Frame.

3). The Morel Of the Story Is When you take Any Trade Look At All The Time Frames like 15 Minutes, 5 Minutes, and 1 minute because You Will Understand Where The Sellers in Buyers are While Analyzing Smaller and Bigger Time Frame on the Candlestick Chart.

                                                                         Image 1.2

4). On Image 1.2 We Saw 15 Min Bank Nifty Chart At 10:11 AM Time. As We Discussed Above and the conclusion of Market has pressure from the Sell Side on 15 Min Chart As in image 1.0 But the Market Taking Support At the Day Level As in image 1.1 Now the Market is up 100 points as in image 1.3 So We Learned Lesson Is Study All The Time Frame And Then Will Take Trade.