Almost all 4 trading weeks did not support us in terms of market direction. You would have noticed we were always against the major NIFTY trend. The trend was up and we were hoping NIFTY to correct!
We were against FIIs.
But still it was just enough to make profit. It is beauty of option trading in strategies.
Yesterday recommendation was sell NIFTY 7800 CALLs and Buy ANDHRABANK CALL: We are holding the strategy as it is still showing overall profit.
NIFTY is very predictable in last four trading sessions. Starts with upper band of channel based on global cues, does not sustain major resistance around 8340, goes down and then recovers a bit. Today there was not much recovery though. But as long as NIFTY is trading above above 8215 uptrend continues. Maybe it will cross upper limit tomorrow. For tomorrow 8190 is lower channel support.
Lottery trade: If your profit for this month permits then buy ITC 355 PUT between 3-4.
Disclaimer: This blog does not take any responsibility of your profit/loss.
We were against FIIs.
But still it was just enough to make profit. It is beauty of option trading in strategies.
Yesterday recommendation was sell NIFTY 7800 CALLs and Buy ANDHRABANK CALL: We are holding the strategy as it is still showing overall profit.
NIFTY is very predictable in last four trading sessions. Starts with upper band of channel based on global cues, does not sustain major resistance around 8340, goes down and then recovers a bit. Today there was not much recovery though. But as long as NIFTY is trading above above 8215 uptrend continues. Maybe it will cross upper limit tomorrow. For tomorrow 8190 is lower channel support.
Lottery trade: If your profit for this month permits then buy ITC 355 PUT between 3-4.
Disclaimer: This blog does not take any responsibility of your profit/loss.
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