One should have booked profit in AUROPHARMA and NIFTY 7700 PUT.
Hold 8000 CALLs of August expiration even if trading in green.
In chart you will notice 7920 could act as strong resistance.
After booking profit in all CALL sell option contracts in this month, keep trades simple for next two days,
If NIFTY opens gap up but does not cross 7759 tomorrow in spot, then look for selling opportunity around 7745 with SL 7755 for targets 7718-7710.
If NIFTY opens gap down but does not go below 7724 and starts going up, then enter in to trade around 7740 with SL 7730 for target 7768-7778.
NIFTY could be range bound and hence keep working with trailing SL. All prices mentioned above are spot prices and check corresponding future prices for trading.
Disclaimer: This blog does not take any responsibility of your profit/loss
Hold 8000 CALLs of August expiration even if trading in green.
In chart you will notice 7920 could act as strong resistance.
After booking profit in all CALL sell option contracts in this month, keep trades simple for next two days,
If NIFTY opens gap up but does not cross 7759 tomorrow in spot, then look for selling opportunity around 7745 with SL 7755 for targets 7718-7710.
If NIFTY opens gap down but does not go below 7724 and starts going up, then enter in to trade around 7740 with SL 7730 for target 7768-7778.
NIFTY could be range bound and hence keep working with trailing SL. All prices mentioned above are spot prices and check corresponding future prices for trading.
Disclaimer: This blog does not take any responsibility of your profit/loss
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