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.