Reason for long
a) w pattern formation and breakout with bamm effect
b) 17000 pe short (at 40 to 50 premium) with 16500 pe as hedge.. bull put spread.
c) any break of 17500 need to shift put short leg to 17300 on monday.
d) Any break down on monday... to 17000 ... need to convert into iron fly at 17000
Mostly long...SL compulsory
a) w pattern formation and breakout with bamm effect
b) 17000 pe short (at 40 to 50 premium) with 16500 pe as hedge.. bull put spread.
c) any break of 17500 need to shift put short leg to 17300 on monday.
d) Any break down on monday... to 17000 ... need to convert into iron fly at 17000
Mostly long...SL compulsory
Trade closed: stop reached