The second expiry of the month ended on a positive note. The day started with a gap up opening but went down and took support and bounced back at the 17400-20 range. It was good support along with the 17400 range imp and there is a trend line as well. It bounced back with strength, along with the candle. It broke the day high and took resistance at 17600, a consolidation between 17500 and 17600. It tried to break 17600 but couldn't sustain it. Let's see if Nifty will continue its strength or be volatile.
coming to my option selling, gap up opening. I was a bit worried about my 17700CE but not that much premium spike. My PE side almost melted.
I booked profit and waited till 10AM when suddenly the bounce back came. I entered it at 17200PE. At one point, I was concerned about my CE side. 17600 was tested multiple times. At one point, it was b.k. at 17600 and I booked profit on the CE side because my plan was to exit if 17610 was b.k position give good profit of nearly 0.8%. I did not enter into any other aggressive trades and ended this week above 1%.
coming to my option selling, gap up opening. I was a bit worried about my 17700CE but not that much premium spike. My PE side almost melted.
I booked profit and waited till 10AM when suddenly the bounce back came. I entered it at 17200PE. At one point, I was concerned about my CE side. 17600 was tested multiple times. At one point, it was b.k. at 17600 and I booked profit on the CE side because my plan was to exit if 17610 was b.k position give good profit of nearly 0.8%. I did not enter into any other aggressive trades and ended this week above 1%.
