Today was an excellent trading session for market participants as Banknifty advanced by 300 points before retracing 200 points. Such market conditions are particularly favorable for short-term trend traders. The futures-based Renko chart strategy generated very good profits, effectively recouping the losses sustained over the previous two days. This performance highlights the inherent nature of trend trading strategies, which often test the patience and discipline of traders before yielding positive outcomes.
Bank Nifty Chart:
Profit / Loss of Our Strategies:
- BN Futures 5 min Renko – Total Trades (4) – Profit/Loss (+5150)
- BN ATM Options 5 min Renko – Total Trades (1) – Profit/Loss (+1857)
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