Our previous trade idea didn't go well since Nifty was in channel correction mode and the correction is expected to stop around 14450-14550. I am sharing the same script but a different definite idea for which I am very certain will succeed and recover our loss in the last trade.
Disclaimer:
Although my previous idea was clearly specified for March Futures, some of you are still holding as recommended. Please note that I had asked you strictly to not go for February Series Options and Futures, and yet some of you have DMed me about what options to choose. All the options buyers who went against what I asked on the strategy aren't even getting a cent on the dollar now, and that is why options buying is just so bad. Not only you need to be right, but also you need the movement in your direction and worst of all? You have to fight against time.
However, since a lot of you have margin limitations and would like to get into the trade with a lesser margin, I am writing this idea especially for you.
Hedge your Future Position
Buy ITC March 185 PE: Margin req is 3,200
Buy ITC March Futures after buying the hedge, your margin req for futures will reduce by 13k to 41k.
Total Margin: 44,414
Stop Loss: 202.5 on Spot (1.5 Rs Stop Loss only) We are buying at support.
Targets: 218, 224, 238, 245, 264
Only enter this trade around 204.3 on Spot Price. Please please I emphasize do not cut your PE position when we go up, you will have a margin call and your future position might also be squared off by your broker. You are getting a margin benefit of 13k for a mere 3.2k premium. Keep that as a hedge if the position goes against you.
The first two targets are possible from the past behaviour of the stock. However, please do not sit on the position and take the SL immediately if you happen two otherwise you will lose really big if you do not follow the SL with discipline. Respect your hard-earned money.
As much as I am not responsible for your loss or profit, please be responsible to follow the trades as directed strictly. I was disheartened to see how some of you didn't exit on time citing the trade is for March Futures. You are correct, but now we are entering the same trade at lower levels and while we reach 215 levels with good profits or cut another SL for a small amount, you will either breakeven just for not following the Stop Loss strictly or might have to square off around 202 at a heavy loss.
Disclaimer:
Although my previous idea was clearly specified for March Futures, some of you are still holding as recommended. Please note that I had asked you strictly to not go for February Series Options and Futures, and yet some of you have DMed me about what options to choose. All the options buyers who went against what I asked on the strategy aren't even getting a cent on the dollar now, and that is why options buying is just so bad. Not only you need to be right, but also you need the movement in your direction and worst of all? You have to fight against time.
However, since a lot of you have margin limitations and would like to get into the trade with a lesser margin, I am writing this idea especially for you.
Hedge your Future Position
Buy ITC March 185 PE: Margin req is 3,200
Buy ITC March Futures after buying the hedge, your margin req for futures will reduce by 13k to 41k.
Total Margin: 44,414
Stop Loss: 202.5 on Spot (1.5 Rs Stop Loss only) We are buying at support.
Targets: 218, 224, 238, 245, 264
Only enter this trade around 204.3 on Spot Price. Please please I emphasize do not cut your PE position when we go up, you will have a margin call and your future position might also be squared off by your broker. You are getting a margin benefit of 13k for a mere 3.2k premium. Keep that as a hedge if the position goes against you.
The first two targets are possible from the past behaviour of the stock. However, please do not sit on the position and take the SL immediately if you happen two otherwise you will lose really big if you do not follow the SL with discipline. Respect your hard-earned money.
As much as I am not responsible for your loss or profit, please be responsible to follow the trades as directed strictly. I was disheartened to see how some of you didn't exit on time citing the trade is for March Futures. You are correct, but now we are entering the same trade at lower levels and while we reach 215 levels with good profits or cut another SL for a small amount, you will either breakeven just for not following the Stop Loss strictly or might have to square off around 202 at a heavy loss.
Trade active:
Entered at 204.8
Trade active:
Target 1 and Target 2 Achieved.
