Which are most 2 important strategy for banknifty
Midday breakout (11.15-1.15pm)for daily trade
Place trade daily from 1.15 to 1.25pm.
5 day hi/low strategy for big breakouts
Place order from 9.25 to 3.30pm market close.
Stoploss shoud be 30 points if needed
But we suggest to exit right then on false breakout.
If option comes to it's cost price after showing a little profit then it is false breakout.
Use stoploss in case of real breakout.
If banknifty gives profit more than 0.25%
Within 2 minutes of trade.
That is 80-90pt for banknifty.
Then use 30pt stoploss.
Trail it twice only & book total profit for once.
If you expect a very big move ahead and want to take more risk, keep SL buy at recent high made.
Or reduce risk by changing instrument.
Change from future to option.
Change ATM call/put to far OTM call/put.