neneram
Long

Bata (Shoe's) Look interesting - 3-4 days trade

NSE:BATAINDIA   BATA INDIA
Hi All ,
Following is strategy , Don't expect 10lakh profit in 1 trade, Be realistic.
we expect 5-10 rs profit in below Bullish spread.

Buy 1100 sep call @ 31, 1 lot
sell 1120 sep call @ 23 ,1 lot

Stop loss would be End of day closing below 1055 , Target would be EOD close above 1100.
we will keep this trade active for 3-4 days.

P.S Options are risky , consult your financial adviser before taking any trade.
Comment: Looks like Nifty fall is going to take out our trade. That's the reason we sold higher level call. Lets see.....
Comment: we will be ruthless in booking out loss if today by 3.20 it is still below 1055.
No second thoughts on same.
Sometime market will give punch on chin and this is one we have take it.
Trade closed: stop reached: Folks our stop loss is hit , Kindly close position.
Around 6 rs loss i.e 6k per lot . Don't take further loss on this position.
Loss is part of stock market game , sometime we have to take it.

This trade is over in loss.
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