For the month Dec 2021-Go Long above 17800-Go short 17050.
As per previous post market to be bullish for the month Dec 2021.Any way in case market goes to range bound we should not loose.As per this better to short 17500 straddle of Dec 30 Expiry with exit plan.
Trade Idea;
Short Dec 17500 Dec straddle.:
Present premium:630 .
Exit Plan:
Exit complete trade when market close above 17832 on day basis. or 17210 on down side or Premium below :500.
Trade Idea;
Short Dec 17500 Dec straddle.:
Present premium:630 .
Exit Plan:
Exit complete trade when market close above 17832 on day basis. or 17210 on down side or Premium below :500.
Comment:
exit only if it today closing below 17210.otherwise stay
1500 Rs profit per lot.wait till Exit criteria meets.