Nifty Bank IndexLong
Bank Nifty Podcast 26 Aug 2024
Today, took only 1 trade on long side.
There were another trades which came on short side (PE), but the OI data was positive and 2 departments of OI also showed "Bullish" status, so avoided the trades.
Notes:
- In the podcast strategy, without data the position can be taken but with 50% risk
-- Risk option #1 - If you're maximum loss is 1000 for 2 lots, then go for 1 lot
-- Risk option #2 - If you're having only 1 lot and max loss is 1000, then either go with debit spread or credit spread.
There were another trades which came on short side (PE), but the OI data was positive and 2 departments of OI also showed "Bullish" status, so avoided the trades.
Notes:
- In the podcast strategy, without data the position can be taken but with 50% risk
-- Risk option #1 - If you're maximum loss is 1000 for 2 lots, then go for 1 lot
-- Risk option #2 - If you're having only 1 lot and max loss is 1000, then either go with debit spread or credit spread.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.