How I trade these levels. See the BNF Balance at 36613. When BNF took support there, simply sold the 36600pe at 197 with SL 213 ( day high) 
https://twitter.com/SubhadipNandy16/status/1437977687146913796
213-197 = 16 = 1R
sqedoff 50% at 171 ( 197-171 = 26 = 1.6R)
sqedoff 25% at 152 ( 197-152 = 2.8R)
rest 25% SL at 190
sqedoff 50% at 171 ( 197-171 = 26 = 1.6R)
sqedoff 25% at 152 ( 197-152 = 2.8R)
rest 25% SL at 190
Now how much do you sell ?
Say you have a capital of 10 lacs and your risk per trade is 0.5% per trade = Rs.5000
5000/R = 5000/16 = 300 ( 12 lots)
You sqoff 6 lots at 171, 3 lots at 152 and keep last 3 lots with 190SL
This is the position management
Say you have a capital of 10 lacs and your risk per trade is 0.5% per trade = Rs.5000
5000/R = 5000/16 = 300 ( 12 lots)
You sqoff 6 lots at 171, 3 lots at 152 and keep last 3 lots with 190SL
This is the position management
Last 25% sqedoff
Sold at 197, avg sqoff 158
Risk = 16 points, Reward = 40 points
RR = 1: 2.5
Sold at 197, avg sqoff 158
Risk = 16 points, Reward = 40 points
RR = 1: 2.5
And this is how the BNF chart looks now
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