sandykg

BUY NIFTY SHORT TERM

Long
NSE:NIFTY   Nifty 50 Index
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0
AT CURRENT PRICE

STOP LOSS 11560 (VERY TIGHT)
TARGET 11660 - 11700

THIS IS HIGH RISK TRADE, WHICH I HAVE TRIED TO COMPENSATE WITH TIGHT STOP.
Trade closed: target reached: Wow, didn't expect it blow like that.

If someone rode it, kudos to them. I got chicken and scrammed at 11588. I was using naked options to play this and with 1 day to expiry, I moved up my stop-loss.

Sometimes we should play for singles and that's lesson for me. Can't hit 4's every ball. Great innings are built and not slogged!
Comment: Here a single would have been using the next week expiry or perhaps futures.

Anyhow, Tomorrow is another day.

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