Banknifty strategy pdf
There are 2 ways to trade in banknifty.
For daily trading
Buy banknifty this month +sell next month@9.53am
and
@1.53pm
With SL 25 point both side.
If there is a big move than you will get profit either side.
For positional trade
See weekly high low from
Earnometer.com
Or
Moneycontrol app.
Keep buy@weekly high &
Sell @weekly low .
So that
Trade will activate once in a week.
If trader is trading daily,then there will be huge tax & brokerage due to uncontrolled overreacting.
If one is getting 0.5% means 150 points once in a week,
Then it will be 500 points in a month.
12 to 15000 on 1 lac capital is easily possible with weekly trade.
Extra 500 points will be maintained with daily trade twice only.
If SL hit once don't repeat trade in reaction.
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