Today Banknifty price action was very choppy. On Renko chart it looks trending, but the prices fluctuated widely during the day. It is difficult for trend trading strategies to make money in this market. Our futures strategy posted loss today.
Bank Nifty Chart:
Profit and Loss for Our Simulated Strategies:
- BN Futures 5 min Renko – Total Trades (8) – Profit/Loss (-635)
- BN ATM Options 5 min Renko – Total Trades (24) – Profit/Loss (+495)
Detailed insights into the strategy can be found here.
Disclaimer: The profit and loss figures provided above are for educational purposes only. Implementing these strategies without adequate knowledge may lead to losses. For more information and guidance, please contact me at: simplestrategieswork@gmail.com