LT:
"Buy 1500 PUT around Rs.8/- of August expiration date", This was recommended 4 days ago and contract is presently priced around 40/-
More than Rs. 15000/- profit on investment of just Rs. 2000/-!!
I personally missed to enter in to this particular trade and had virtual loss! But bear pattern worked even in strong bull market!
It could see levels of 1350 as indicated in chart, but it is advisable for option trader to book profit and look for other opportunities than holding the trade.
NIFTY
As anticipated yesterday, 7709 acted as good support, it was last target for bear trades.
Short covering and strong addition of 7700 PUT saw NIFTY going near 7800.
It is not advisable to trade in NIFTY till further direction is clear.
Start to accumulate 8100 CALL sell contracts of August expiration around 20-25. Don't invest all your capital for the same, but one may allocate 30-35% fund now for selling 8100 CALLs of August expiration today.
Disclaimer: This blog does not take any responsibility of your profit or loss.
"Buy 1500 PUT around Rs.8/- of August expiration date", This was recommended 4 days ago and contract is presently priced around 40/-
More than Rs. 15000/- profit on investment of just Rs. 2000/-!!
I personally missed to enter in to this particular trade and had virtual loss! But bear pattern worked even in strong bull market!
It could see levels of 1350 as indicated in chart, but it is advisable for option trader to book profit and look for other opportunities than holding the trade.
NIFTY
As anticipated yesterday, 7709 acted as good support, it was last target for bear trades.
Short covering and strong addition of 7700 PUT saw NIFTY going near 7800.
It is not advisable to trade in NIFTY till further direction is clear.
Start to accumulate 8100 CALL sell contracts of August expiration around 20-25. Don't invest all your capital for the same, but one may allocate 30-35% fund now for selling 8100 CALLs of August expiration today.
Disclaimer: This blog does not take any responsibility of your profit or loss.
No comments:
Post a Comment