Prem_Agrawal

For 23 JAN Expiry in Nifty

NSE:NIFTY   Nifty 50 Index
Charts are showing Downmove but 12100 is important Support, Nifty is also somewhat supported by Linear Regressions Trendline

So it will be tough for Nifty to break the 12100 Support level as Open Interest on Put Side is huge, but as Call Writers are heavy on 12100 and OI is also huge

Our Strategy for today would be, again going Short

Short 12200 CE - 1 Lot
Short 12150 CE - 1 Lot
Short 12200 PE - 2 Lot

Premiums are :
12200 = 11.37
12150 = 23.45
12200 = 89.27 * 2 = 178.54

Net Premium. = 213.36

Max Profit = 213.36 * 75 = 16000

To calculate Max Loss I have drawn Pay off for this Strategy and it will give us a loss below 12100 level
So we will watch for 12100 levels if that support is broken we will Unwind 12200 PE 1 Lot
And Short 12100CE 1 Lot and as Fibonacci Support will be reached all Shorts should be Unwinded
The main reason to hold 12200 Strike is Max Pain lies at 12200 Strike
Max pain may prove to be right or wrong we don't know
So our SL for each per trade per lot would be 750 (10 * 75)

Max Loss = 750 * 4 = 3000
Happy Trading...
Trade closed manually: Undwinded 12200 Strike PE with a Loss of 750 * 2 = 1500(2 Lot)
Short 12100 CE at a premium of 18.40(1 Lot)
Trade closed: stop reached: 12100 CE Loss of 750
Trade closed manually: 12150 CE Loss of 461
Trade active: Short 12200 PE at Premium of 86.7
Trade active: Short 12050 PE
Premium = 1.27

Short 12100 PE
Premium = 5.25

Short 12150 PE ( 2 LOT )
Premium = 17.20 * 2 = 34.4
Trade active: Just Now Calculated Total Loss and Profit, We are now in Profit of 747

Still HOLDING all Position
Trade active: Short 12150 PE, 2 Lot
Premium = 15.27 * 2

Short 12100 PE
Premium = 4.32
Trade active: Short 12150 PE( 2 LOT)
Premium = 18.1
Trade active: Short 12150 PE ( 2 LOT )
Premium = 23.3
Comment: Short 12150 PE ( 1 LOT )
Premium = 27.30
Trade active: Short 12150 PE ( 2 LOT)
Premium = 37.7

The market is showing recovery
Trade closed manually: It's 3:30 PM, Markets have closed now and we are in huge profits today

I will first list all the Loses we have made :
12200 PE ( 2 Lot )
Entry = 89.2
Exit = 99.2
Loss = 10 * 2 = 20

12150 CE ( 1 Lot )
Entry = 23.45
Exit = 29.59
Loss = 6.14

12100 CE ( 1 Lot )
Entry = 18.4
Exit = 28.4
Loss = 10

Total Loss = 36.14

Profitable Trades were :

12200 CE ( 1 Lot )
Entry = 11.37
Exit = 0

12200 PE ( 1 Lot )
Entry = 86.7
Exit = 19.57

12050 PE ( 1 Lot )
Entry = 1.27
Exit = 0

12100 PE ( 1 Lot )
Entry = 5.25
Exit = 0

12100 PE ( 1 Lot )
Entry = 4.32
Exit = 0

12150 PE ( 2 Lot )
Entry = 17.2 * 2 = 34.4
Exit = 0

12150 PE ( 2 Lot )
Entry = 15.27 * 2 = 30.54
Exit = 0

12150 PE ( 2 Lot )
Entry = 18.1 * 2 = 36.2
Exit = 0

12150 PE ( 2 Lot )
Entry = 23.3 * 2 = 46.6
Exit = 0

12150 PE ( 2 Lot )
Entry = 37.7 * 2 = 75.4
Exit = 0

12150 PE ( 1 Lot )
Entry = 27.3
Exit = 0

Total Profit = 339.78


Net Profit = 339.78 - 36.14 = 303.64
Profit( 1 Lot ) = 303.64 * 75 = 22,773

This profit is huge, made my day .

Happy Trading ...

Comments

You rocked it!!!
Reply
@sirusdas, Yup Bro Thank You
Reply