Caution

Feb 18, 2021

LT after a big rally showing signs of weakness for first time. Near 1600 levels price rejection is seen. Despite the government announcement on infra sector spending, price is too good to believe. To me it looks like a possible mean reversion candidate.

Below 1516, it can retest 1387 levels. Would not be a bad idea to create a hedged short with 3 sigma cover on upside for March series.

No hedge, no short. I would like to short 1600 CE for Feb. And then convert it to a hedged short trade in March when the next series options become liquid.

Feb 18, 2021

Note

Disclaimer: All these stock ideas or trade updates shared here are for educational purpose only and completely non-advisory in nature. I am not a SEBI registered analyst and strongly recommend people not to trade in NSE / BSE / MCX market basis this ideas. Objective of posts is to educate and help members learn technical analysis and hedging techniques from my personal trade picks to reduce the risk per trade and save yourself from bigger losses.

All these trade picks are selected using technical analysis and price action (VSA MomentumInvest Trading Setup) and for my own trading purpose only. Technical indicators are lagging and may generate false buy/sell signals. Market is supreme and my views may go horribly wrong. Please don't consider these trade ideas as trading recommendations. You may consider it for learning or at max use it for paper trading. Strictly avoid it for trading using real money. I am not responsible for any kind of profit and losses arising out of the above calls. Stock market trading and investment is subject to market risks. Contact your financial advisor before taking trades (or trade at your own risk).

Mar 7, 2021

Note

LT made low of 1446 and 1600 CE expired worthless. Even though it didnt retest 1387 levels, it fell by 4.75% in very quick 3 days time.