Bank nifty levels for 03/07/2020
Today market opened slightly above our upper level, went some points higher and then reversed, and stayed down throughout the day.
Below trade should be avoided because stop loss was very big.
Then got 1 long trade, and sl got hit, but with same candle which broke al, our short trade was also triggered.
Market again went up, but didn't broke our sl level, and again gave short trade setup.
So now one can again take short trade, with sl modified to new level, and target also modified according to new level at 1:1.5 R:R, and target achieved. So 2 lots target achieved in this trade.
Then again market went up, but sl was very big again, so trade should be avoided, and if trade taken then sl hit.
At the end of the day again gave short entry, but same problem- sl big, so should be avoided.
At 03:15 p.m. gave small profit at intraday auto square off time if entry taken. So overall small profit with sideways market.
Keep below levels on radar for tomorrow 03/07/2020.
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