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Morning indicated a flat opening with world market closing flat on Friday, and it did, Finnifty & Banknifty opened slightly lower, giving me a perfect opportunity for entry- (trades as in the trade book).
Shillong :: After a bullish move due to 50bps Rate cut by FED added with re-balancing of stocks in FTSE-entry/increase of weightage of Indian stocks- anticipated a bullish day today.
Morning indicated a flat opening with world market closing flat on Friday, and it did, Finnifty & Banknifty opened slightly lower, giving me a perfect opportunity for entry- (trades as in the trade book). I wasn’t interested in NIFTY as it opened higher leaving no scope for entry as per my view.
Hence Entered trade on BANKNIFTY & FINNIFTY, with tight stop loss, which gradually converted to a trailing stop loss.
HEAT MAP
The Charts
Fig. Imbalance & Order Flow chart of Banknifty
The Order Book
The Positions
The Trailing Stop Loss
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The Profit Booking
The Verified P&L by Dhan
Fund Used : Rs. 11,835.75
Gain : Rs. 2931.75 Gain Per Centage : +24.77%
No. of Trade : 4