Trades for 29th Oct 2020

3 trades. All hit SL.

Maruti Future: This trade was given on future as well as cash segment. The first trade was a break above the BO level. It hit the SL and then continued upwards.However, it did give a move of nearly 30 points after the entry but the target was 7300. Volatility was very high in this counter yesterday. 

Maruti Cash: Had kept a buy on the break of the BRN of 7300 as it had spent a long time just under the 7300 level and was continuously making higher lows. The breakout did come accompanied with a high volume candle but the entire market sold off just after the trade triggered and this too resulted in the SL being hit.

NF: This was a breakout above the BRN of 11900 trade. The previous day the market had closed showing strength and I was expecting the market to move further upwards. Post the entry of the trade the market reversed and hit the SL.