Lets Execute the Trade - Banknifty 49300 PE Short
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I shorted BNF 49300 PE @700 as it broke the 20 hour low. The initial SL is 2 ATR @ 960 and I will trail is with 20 hour high.
Lets see how that goes.
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Since there is 50% move immediately, I am booking profit here and will short 50000 PE -
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Shorted @ 735 Initial SL 1015
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CMP is 505 which is 1:1 RR. I need at least 1:1.5 RR so I am going to book this and enter a new trade.
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I sold 50500 PE @800 with a SL @960. The RR is in my favor now. -
Correction : Sl is 1060
