Current position is LONG bought on September 15-2020 at 22300
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Action for 17 September 2020: Continue to hold long and reverse to Short if BANK NIFTY closes below 22497.
Advise :
Suggest to buy 1 lot of ATM PE(with at least 10 days for expiry) for 1 lot of long Future for insuring against a reversal if any. This will reduce the profit but more safer for carrying any position without thinking of stop loss value calculation . Exit both same time in case of reversal to do opposite.
Since i do not track Bank nifty closely will not be able to alert here.
NSE: BANKNIFTY
All Values are for September 2020 Future
Profit as of now 345 points.
Trade as per your risk profile and use these for educational purpose.
Past Performance : 4418 Points in 5 Trades (1 loss and 4 Profit) in 1 month.
Open BUY position
5: Sell: Profit of 2024 Points (31st August - 14 September).
4. BUY : Profit 2175 Points(21st August to 31st August).
3. Sell : Loss of 89 Points( 20th August to 21st August).
2 . Buy : 123 Points (18thAugust - 20th August 2020).
1. Sell : 185 Points ( 14th August -18th August 2020).