05 March : Trade No. 22 Bank Nifty
Remember : Trend is SHORT. So days like this I Avoid trading in Individual stocks. I prefer INDEX Trading with good Risk Reward ( RR ) Ratio.
Today did two calls in Bank Nifty fut :
1st Call : Bot above 24755 with stops below 24739. Stops was very tight in a day like this was the error. STOPS HIT.
2nd Call : Bot above 24760 with stops below 24730. 30 Point SL then I expect minimum 1:3 ratio of RR - So I expect 90 point profit. So exited @ 24855.
Day Over :
Remember my earlier post : Don't catch the falling knife. Nifty might fall more in the next 1 - 3 days.
Cheers