- Nifty to open in Red with SGX nifty showing -90 points, one can scalp options with small profits in first half and continue to lock profits with swings.
- CoVid 19 has infected world Markets(indices)
- scalping with small profits and exit within short span will increase overall performance if done on daily basis without changing the style of trading.
- May 2020 with new margin(risk management) in place one can write options with Hedging at lower margins.
- Nifty might test support at 11625-11580 at these levels.
Performance for the day :
- As mentioned in morning started with scalping due to market was flat in F&O had to exit with minor losses, Tuesday increased my position in NAM-India from 20 to 100 closed profits with 1.6K and other 500rs in BNF.
- VIX hovering between 16.99 to 18.87 so was swing observed in second half.
- Market rewards for those who are patient and wait for correct signal as happened today.
After Gap down opening in Nifty, nifty tried to cover the short position with Pin bar at bottom, though first Pin bar setup failed due to many Intraday shortsellers were pushing down, but it made second pin bar later in the day which indicated upward movement, though movement was slow but trend was upward biased, I didn't trade in Nifty but entered into Banknifty as it was showing more volatile compared to nifty, hardly could capture profits due to high volatility.
No comments:
Post a Comment