#Nifty Trade Updates

8/8/23, Tuesday

Day ended with +1033/- profit

End of the day balance = 42798/-

Portfolio: 2.4% up ⬆️🟢

As I have mentioned yesterday’s note, market did open slightly gap up and took liquidity in the orderblock of 15 min tf at 19633 and continued downward upto 19576 at 9:50 AM.

It went to 19608, the level was a clear resistance and it made double top in 1 min tf and also give market structure break. I bought 2 lot of 19300 call option at 29 at 10:54 AM. 1H candle looks bottomed out so waited till 11:15 to form the new candle. Nifty fell down to 19534 by 11:35 AM but I closed my put by 11:15 AM at 35.45.

Came back to the market at 12:30 PM and keep buying PUT option as market tried to reach 50% and 61.8% fib retracement level. Just at 2:20 PM, market went to take 61.8 fib level at 19600, the same was previous day close, and then made triple top till 2:35 PM and fell sharply at 19551 by 2:52 PM. I closed most of my PUT position.

Lesson:

Always wait till 2:15 PM for the evening session trade.

Check previous day Open, close, high, low and weekly data also.

Images:

Statement

Nifty

Balance