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TukkaNomist
Aug 28, 2021 3:18 PM

Short Short

Nifty 50 IndexNSE

Description

I've bought Nifty 16600 PE and sold 15800 PE. Bear put spread is created to get benefit of downside. RSI divergence, clustering closes and UML are the reason to create position. Created position at 16700-16710 level. My stop loss will be daily close above 16830.

Disc : it's not an investment advice to buy or sell
Comments
TukkaNomist
booked loss at 16880
maalathijagan
I have 16500 pe of sep expiry
TukkaNomist
@maalathijagan whatever the last level you see in September ,just sell the PE of that support level. It'll reduce your premium payout and risk.
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