Now we hold 7700 CALL and 7300 PUT and delta is around 38, it has already crossed the threshold limit of 30%.
Trading account till today is in marginal negative.
However, we are holding the strategy and will see if close tomorrow is below 7689-7690.
All indicators are over bought and after such a unexpected run-up market might move sideways if not turns down.
If NIFTY closes above 7690 or above this level by 3.25 PM, close 7700 CALL and replace by 7800 CALL.Book profit in 7300 PUT contract and sell 7400 PUT. Adjust delta near 15% at least.
Disclaimer: This blog does not take any responsibility of your profit/loss
Trading account till today is in marginal negative.
However, we are holding the strategy and will see if close tomorrow is below 7689-7690.
All indicators are over bought and after such a unexpected run-up market might move sideways if not turns down.
Disclaimer: This blog does not take any responsibility of your profit/loss
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