Strategies posted during last three/four days did not do very well and incurred small loss at the end. I also lost some money.
For tomorrow one may buy 5600 PUT at around Rs. 60. If someone is buying more than one lot then he/she should keep half quantity as positional trade for October expiry.
If one wants to hedge then he/she can sell 5400 PUT @ around Rs. 20.
If one hedges then strategy will start earning profit if NIFTY goes below 5560. Maximum profit could be Rs.8000/lot if NIFTY goes below 5400 at expiry.
Maximum loss could be Rs. 2000/lot.
Risk reward ratio is good.
Disclaimer: This blog does not take any responsibility of your profit and loss. Kindly do your own research before you trade.
For tomorrow one may buy 5600 PUT at around Rs. 60. If someone is buying more than one lot then he/she should keep half quantity as positional trade for October expiry.
If one wants to hedge then he/she can sell 5400 PUT @ around Rs. 20.
If one hedges then strategy will start earning profit if NIFTY goes below 5560. Maximum profit could be Rs.8000/lot if NIFTY goes below 5400 at expiry.
Maximum loss could be Rs. 2000/lot.
Risk reward ratio is good.
Disclaimer: This blog does not take any responsibility of your profit and loss. Kindly do your own research before you trade.
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