BTST ( Buy Today Sell Tomorrow)

FRIDAY    26-JUL-2024

(BTST page updated daily @ 03:05 to 3.18 pm)

(Note:formation has been shared for Learning purpose)
(https://t.me/nseandbse - get it here on TELEGRAM)

Observation Formed on: BANKNIFTY

Bullish  Daily candle ( yet to complete the day)

                                                                                                                                        Bullish engulfing formed

Note: as Its a very volatile instrument - so, in any kind of Trade can use this method: Once 5 min candle closes below the SL as per risk reward note then can EXIT

In its Option Trade Instrument: Very safe traders may maintain book zone  around +20-30 points from point of entry ( With new contract of 15 Lot size)- SL can be kept at max 30 points

                                                                                                       Preferable range is always ATM or ITM: But whoever look At minimum Price range may look for Price range  in BTST method 100-110 👆

if expiry is next day or same day as taking then prefer to take Next week expiry 

 

 

 

 

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Note:

TRADE IN 1 LOT ONLY is adviceable

WE ARE NOT ADVISORY TIPS PROVIDERS
 

CHECK THE MARKET DIRECTION BEFORE YOU TRADE

WE ARE NOT ADVISORY or TIPS PROVIDERS
we are not SEBI registered . you may consult your Financial advisor before taking trade.
Our views are based on candlestick charts,patterns,Mathematical based calculation ( pivot)
we are not responsible for any profit/loss as views are for Educational/Observation Purpose
Maintain your daily risk as per your capital and risk management. daily risk should not cross more than 2 % of your Total capital . managing your risk is important in any kind of trading . If you are in direction of Profit then Trail your SL . without SL no trade. 

If you are Trading in Equity : then you may use this calculation for risk management
If Daily Risk in Equity is Rs. 250 and SL is of 5 points ( from entry point to SL point)  then Qty should be taken as per this Risk: 250/5 = Qty 50