short BPCL

short:- BPCL below 410
1st target: between 380-385
2nd target: between 370-375
stop loss:- 430

Buy:- BPCL 370PE (for derivative traders)

Trade active

Comment:

1st target hit today (in only 5 trading sessions )...if anyone bought 370PE when trade was active between 3-3.10pm, at that time premium was 2.65........
now 1 lot size=1800
so initial investment= 1800 x 2.65= 5310
now today when the target was hit around 11.35-11.40, the premium goes to 6.05 it came down to 5.65... here smart and safe traders exit their position...
now profit= 1800 x (5.65-2.65)=5400
that's more than 100% profit on the initial investment. (in only 5 trading session)
now an aggressive trader waits for the 2nd target to hit...

Trade closed: target reached:

2nd target hit today (after 14 tradings session)
370PE price is now 4.1, if the price goes below 370 then the premium will go above 5...
profit=1800 x (4.1-2.65)=2610 (on 1 lot size) nearly 50% of the initial investment