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Many times we would have noticed violent move in #BankNifty post 2pm, specifically on #Expiryday. What if we trade based on this breakout. Rules are
1. check day high and low at 2pm,
2. After 2pm, if day high is crossed - Buy,If day low is crossed Short,
3. Keep 100 points SL
1. check day high and low at 2pm,
2. After 2pm, if day high is crossed - Buy,If day low is crossed Short,
3. Keep 100 points SL
If we traded his #TradingStrategy every day, it has returned more than 7600 points since the inception of #BankNifty weekly expiry, i.e from 2016 June to till date. with max drawdown of -900 points.
If you dig deep, you can observe that Long trades has returned more returns than Short trades, that too on #expirydays, short trades has given negative returns.
