Bank nifty possible levels for 05/08/2020
Today it was roller coaster ride at my upper level😅 In this type of case one can understand importance of booking profits at predetermined targets (in this case 1:1.5) and role of money management.
Today total 9 trades got triggered , 5 were profitable, and 4 sl hit. Acc to rule I suggest here, 5*1.5=7.5 points booked on tgt, and 4*1=4 points loss booked on sl, so net 7.5-4=3 still one is in good profit. This is power of following predefined money management.
For tomorrow, 05/08/2020, keep below levels on radar.
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