MuthootFin
Updated
View 1
As per harmonics 0.886 levels it can reverse which is at 1260
Sell at 1255 - 1265
SL 1285
Target at 1240,1200
View 2
As per chart you can see it has given a BO from trendline also the highest OI on put side is 1100 PE.
You can sell 1100 PE and pocket 14 points which is sureshot with expiry in another 2 weeks.
Margin - 2.2L
Add 1340 CE to it and another 12 points and margin reduces to 2.8L
BEP comes at 1366 on upside and 1074 on lowerside.
We are betting on a range in this view.
View 3
Wait for some retracement if comes around 1140-1160 and can long with SL 1120
Disclaimer: I am not a SEBI Registered Analyst. This is for educational purpose. Please take position after consulting your advisor.
As per harmonics 0.886 levels it can reverse which is at 1260
Sell at 1255 - 1265
SL 1285
Target at 1240,1200
View 2
As per chart you can see it has given a BO from trendline also the highest OI on put side is 1100 PE.
You can sell 1100 PE and pocket 14 points which is sureshot with expiry in another 2 weeks.
Margin - 2.2L
Add 1340 CE to it and another 12 points and margin reduces to 2.8L
BEP comes at 1366 on upside and 1074 on lowerside.
We are betting on a range in this view.
View 3
Wait for some retracement if comes around 1140-1160 and can long with SL 1120
Disclaimer: I am not a SEBI Registered Analyst. This is for educational purpose. Please take position after consulting your advisor.
Note
View 3 got active with buy at 1145 and closed at 1206will sell at 1260 now
Note
view 2 update - sold 1100 pe at 15.5
waiting to sell 1380 in a range of 12-15
Note
entered at 1340 ce at 15.5Note
both the sell 1100 pe and 1380 ce are in profit..will hold till expirt to pocket the premium.
and sell muthoot around 1260 with SL 1280 for view 1
Note
View 1 triggered today and hit first target.Exited at 1230
Trade closed: target reached
Open view is option selling will will expire at 0
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.