Day 12 | Option Trading Challenge Live | Nifty Live Trading with Just 3 Lots

[00:01] very carefully because you are going to learn a lot from today's video. Like market analysis, entry, exit, mindset, psychology and Now let us go straight to the Nifty chart and do market analysis for today to see

[00:16] What is the market trend going to be today ? What will we trade today, will we But friends, before moving ahead in the video, I have a request for you. If like the video and if you are new to my channel, then please subscribe to the channel.

[00:30] And what am I going to trade for? I am going to take a buy side trade. Ok? And here the strike price is correct. And I'm going to take the trade right here. Ok? First the trade should be executed here. 2001, 200. Ok?

[00:45] Here we take a small time frame. I want to show you before I do a small time frame. If you look here, the level is a little lower. According to these levels, our level is a little lower. But if

[00:58] you look here, a trend line is being formed here. Ok? Which is here. There is a touch here and this market is now coming back here. So here it is touching. Ok? So my belief is that from here it will reverse upwards.

[01:10] Ok? And the second thing if you look at is that these levels that you are seeing, it is remain the same because I calculate the daily levels and every day they keep shifting a little up and down. Okay, so if you look here, a channel has been created.

[01:25] How is the channel formed? So for that you will have to take another trend line. This is our trend line and if you look here, it is coming in the form of a channel. Ok ? So the market had not created a channel here. But now when I came here, I

[01:39] directly went up from here with a huge gap up. Then again it came in the same channel. Ok? So if it has come into this channel then it means that from here it will line is coming from here then it will go somewhere to this level and if it has to

[01:53] break down then it will go here and then come back and wait and after that ? And if you don't want to give breakdown then it will go here. That means he will not go today. Maybe he will give closing here today. Tomorrow the gap will open up around this area.

[02:08] If you do not want to give breakdown then give it breakout tomorrow itself i.e. on Monday or wait for a day or two here. After that give breakout. Meaning, what will happen next will be seen later. But right now I believe that it can move

[02:20] ? This trend line is currently visible in the day time frame. And we do this in a time frame of 5 minutes. Ok ? And after setting a time frame of 5 minutes, let's do it in what will we do first here? Our first task is to

[02:35] take the trade. Now the second thing left is to place the long position chart here so that it is easy for you to see. Ok? So this is our entry. This is our target and this is our stop loss. Ok ? Now what are we going to do here? Now

[02:47] we are not going to do anything here. Now we are going to rule of our series is that whatever analysis has to be done, we have to do it here before taking the trade. Once we have done the analysis here, we execute the trade.

[03:01] loss or I will exit with the full target. Ok? So we did the analysis first. With the analysis done, we executed the trade here. After executing the trade, now we are going to wait for our stop loss and target

[03:14] We always follow the rules of this series and are going to do so today ? So let's just wait and see what happens. The market opened here. At the opening, a single candle made a high of over 100 points. If you look here,

[03:29] how many points is it made of? Its low is 650 and high is 752. A single candle is formed around 110 point 112 point. And after that, the market sale came again. You can see here that 1 2 3 4 5 is forming the sixth red candle. Ok? And

[03:45] But it has broken the low. So today we have not traded on the principle that if the low is broken then we will sell here or we will create support here near the low. trade here on this principle. Will trade because of this region. No, our reason is something else

[03:59] support of the trend line. Because of that we are trading. In the morning, when the market was going towards this level, I was waiting for it to not going to take the buy side trade. If it had continued moving straight here, that is, one, two

[04:15] the most, let's say a red candle is formed, then a green one, then a red one. taken a sell side trade from here. But it did not go here. And that is why I did not take the sell side trade here. Ok ?

[04:32] market is currently going against us. There is no problem. Even if it is going against, we are still going to wait for our stop loss and target here. We are not going to do anything in a hurry here,

[04:45] so now this can happen, that can happen. We are not going to think like this at all. We will just think that whatever analysis we had was perfect and according to that we can achieve the target. If we are wrong in the analysis then brother, we can also

[04:58] We are also ready to take SL. But Ok? Let's wait and see what happens.

[05:20] Okay, guys? Here the market, while going against us, has come in our favor one by one. Here you must have seen that it had it has come in our favor around 10%-12%. But this 101% SL or 10 12% favor has nothing to do with

[05:34] us. We're going to be completely neutral here. Here whatever is inside the ATM, whether it shows red or green or shows ETC. It doesn't matter to us. We are only concerned with our full target and full stop loss.

[05:47] Apart from that, we will remain completely neutral no matter where the market moves. We'll see what happens around 3:00. Ok? So let's just wait and see what happens, whether our today's target is achieved easily or

[05:59] not. However, we can increase today's target a little So, reversal from the trend line means that it will get good support and it will go up significantly. Maybe it will go from bottom to top

[06:13] then wait here. Wait and give a breakout and exit above this level also. Ok? What will he do now? Only the market knows what it will not do. We can only guess. But if it was not to break this level then it had to touch this level and

[06:25] then come down. After that, if I had taken resistance from here, then the chances of breaking this level would have been less. But if the market turns back before any level. Then if he goes to that level again, he waits here. So the chances are

[06:39] that brother, just like it went up for the first time, it has now come down. Then if the second time is going here. After that I came down here again. Then I could not come down completely here. Wait a little here and after that if it gives a breakout from here then the

[06:51] chances are that this breakout can be sustained. This means that there are more chances of it sustaining and there are also chances that it can break the resistance area just above it. chances that it can break the resistance area just above it.

[07:04] now. But I am telling you on the basis of my experience that if the market is facing resistance before any level, then there are more chances that if it goes back and Ok? Now whether he goes again or not, what he does remains to be

[07:19] seen. Ok? So let's wait and see what happens.

[07:45] went very sideways, you must be seeing here that we traded in the same range for about 2 hours and after trading, it is now moving in our favor, but right now it has reached 50-60% in our favor, so despite reaching 60%,

[08:00] we will never be greedy here. Ok? Here we will wait properly till our entire target or if it comes back from here also then we will wait properly till our stop loss. We will not think here that brother was

[08:13] showing losses of up to ₹2500 here. Now here our ₹000 ₹500 ₹6000 has started showing in green. So let's book it for ₹6000. Because brother, this is what happened the day before yesterday that the market had gone back from ₹6000 and we had to book somewhere for ₹500.

[08:26] Yesterday we were lucky that we achieved our target. So let's do one thing today. Let's this, let's do that. We are not going to think like this at all. Ok? Here we will wait properly till our target. Even if the market

[08:39] Even if the market falls below 99%, i.e. ₹9.9%, what is our target here? Our target here is exactly ₹253. Ok? So even ₹253. Ok? So even

[08:55] we are not going to book it manually. This should go automatically, our system should hit the target. That's when we're going to get out of here. Otherwise we are not going to get out of here. Even if our stop loss is

[09:07] moved here. Ok? Because of this rule, let us assume that today our SL will go away. There is no problem. We will incur a loss by showing ₹6000. But this is the rule we have, following which we have set targets of ₹1, ₹100, ₹15, ₹15,000 and even up to

[09:21] ₹2000 in three lots. Ok? So if we start breaking this rule, we will break it once , break it twice, break it for the third time. We will never be able to follow this rule the fourth time. Ok? And

[09:33] as far as I know or my experience is saying that brother, the market will come here and then will face some resistance, after that as soon as it breaks out of this level, it can break out of this level also somewhere and in that condition

[09:45] it will again try to close above it. So this means that our target here is ₹10,000, even if we aim for ₹10,000 to ₹15,000, there are still chances of achieving it. But we are not going to extend this target today. Because our

[09:57] trading was not going well for the last few days. Now from yesterday onwards I have started sitting properly. So the levels are coming out here properly and accordingly. So now if we get a winning streak here for at least three-four days.

[10:09] can start taking risks that yes, okay, if we feel that instead of 10,000 he ? If we feel that it can go up to 20,000, then we will go up to 18,000, 19,000. It can even go up to 20,000. But we will not extend our target right now. We will

[10:23] see after Monday. If after Monday we feel that yes, the this can be done, then we will try to do it and will try to tell and explain it to you. But right now we are sitting for this target and as soon as the

[10:36] market gives this target, we will quietly take this target and leave and the trading terminal will be closed for today. Then the market will open on Monday and we ? But if our first target is achieved today then we will not have any second

[10:49] trade and if by chance it comes back from here and hits our SL then we can plan another trade. But they will do it with a little more caution and a little more confirmation. Ok? What happened here? Here, one of our

[11:02] levels was coming which was here and what was that level? That was the level of the trend line and as soon as the market reached here, I executed my trade. but I knew that brother would not go against us that much.

[11:16] What would have happened if he had gone? If it had gone away brother, at the most our stop loss would have been hit. That means our loss does not exceed ₹5,000 at all. And we plan in advance for the SL of ₹5,000 so that when we enter, there will be a loss of up to ₹5,000 so that

[11:28] who makes a revenge trade after going SL ? Who is sad after going to SL ? The same happens if he never plans his SL before taking the trade. He always thinks that brother, a support is being formed here or suppose it is

[11:41] take the trade on this breakout and we will exit at this swing which is visible here. that brother, from here to here I will get 10 points or 15 points. So my easy profit in one lot will be ₹650 in 10 points. He is

[11:55] taking entry here thinking that he will earn ₹650 in just 10 points. But he never thinks that brother, I may also incur losses here. Ok? So if there is a loss, how much loss will I incur? My target was ₹650,

[12:07] But you never plan what will happen at the time of losses. And for this reason, as soon as the market starts going against you instead of in your favor, you are not able to quickly cut your SL and exit. You are not able to cut your position quickly.

[12:21] And because of that you incur loss and that loss is not small. moving here with a target of 10 points. There you take losses up to 15-15, 20 points, 30-30 points you take losses up to 15-15, 20 points, 30-30 points

[12:35] not planned for any losses here. I want to show you that brother, I had ₹15,000. Out of this, ₹3000 were deducted from me. Now I have only ₹1,000 left. Let's take one more trade. If you give me only ₹1000, I will be left with ₹13,000. If you take one trade you will get ₹1000.

[12:49] think that brother, let's take one more trade. For Rs 20,000 and then you find out that the Then your 13 will reach 10 and in the same way by doing revenge trades, you reduce your capital by half in a single day and bring it to 50%.

[13:04] Well, the same mistake happens if you work systematically and plan your stop loss target and everything in advance and make a rule for yourself, then not going to happen at all. Ok? For now let's

[13:18] target or not. Whatever happens will happen in front of you.

[13:39] Okay, guys, the market is We are going to wait till our proper target. Before this, we are not going to target is only Rs 10,000. He is already giving 8000. So let's book it here. Do this. No.

[13:53] and the market went up to this level, then somewhere at ₹2,000, what we did not get is our loss. Why? Because we were in the right trade. Despite that, we were supposed to get ₹1,000 and we left with only ₹8,000. But what would have happened if this was a wrong trade,

[14:06] There we do not think whether we will get out for Rs 4,000, Rs 3,000 or less. There we would have remained sitting here and this market would have eaten up our SL and gone away. Ok? So in the same way we will remain sitting here properly till our target.

[14:19] Here we are not the ones to run away at all. Let's see little higher, we would have reached our target. It has made a high of 722 and here the high is 245 and how much do we need ? 253 means we need seven more points to

[14:34] achieve the target. So to get seven points, it will have to go up by a maximum of 10 points. If it reaches 22 to 30, 32 even then our target will be achieved. Let's just see when it takes. It comes on this candle now , on the next candle or

[14:47] after spending half an hour. But we will not leave here until it comes. You will not think that brother is giving 9300 out of 10. He books only Rs 9300. Do n't just book for Rs 9400 brother, we want the full Rs 10,000. Ok?

[14:59] We are not going to leave before that. Our target is exactly ₹253 and it is exactly ₹253 and it made a high of ₹251.30. Ok? So how much do we need right now? Ok? Our target has been achieved. Now here whether the market goes up by 200

[15:11] points, 50 points or 100 points, it does not make any difference to us. Ok? We did whatever work was ours. The market did its job. What was our job? Our job here was to do analysis.

[15:24] Taking trades here according to the analysis and after taking the trade, follow the rules of this series. or give target. Otherwise we will be sitting till 3:00. Ok? What was the function of the market? The market's job was to either give stop loss, brother. That means

[15:37] we are right then giving us a reward and going in our favor. Ok? So we were right and we have achieved our target and how much of our target have we achieved in total? This is your ₹10,325.25. Ok? So let's close today's trade and

[15:51] Rest, I have already told you the logic of this trade that brother, the logic of this trade is hidden in the day time frame and if you look here in the day time frame, you will already see it. Ok? And I hadn't waited this level here.

[16:04] I executed the trade as soon as I reached this trend line. our target was hit and we made profit. But today I am telling you again that I care about anything, it's whether you're learning something from this video

[16:18] delivering some value to you or it is not. How do you feel about this video? Please do tell me all this in the comments. Friends, each of your likes and comments because your likes and comments

[16:34] are new to this channel then do subscribe to the channel because come in series. That too free of cost. So if you have n't subscribed yet, please do so. So like, comment and subscribe.

[16:47] Friends, that's all for today's video. See you in the next video. Bye-bye till then. Take care and do subscribe.