Long Naked Put of Strike 1620
Premium Paid 51.25
1 Lot Premium = 25,625
The opening will be Positive but the highs won't be sustained it will either become range-bound or show a bearish move
RSI is also in Overbought zone
Daily Time frame shows Pivot Resistance
Happy Trading...
Premium Paid 51.25
1 Lot Premium = 25,625
The opening will be Positive but the highs won't be sustained it will either become range-bound or show a bearish move
RSI is also in Overbought zone
Daily Time frame shows Pivot Resistance
Happy Trading...
Trade closed: stop reached:
Although it was Range bound for quite a few time but later the resistance was broken and an Upmove was seen