thechama3

SELL NIFTY ON RISE for 3rd MAY

Short
NSE:NIFTY   Nifty 50 Index
One may want to sell nifty on rise for 3rd may with SL of 11791 and targets of 11700/11678. All levels are cash levels. One might want to sell 11700/11800 CE for 9th MAY expiry depending upon risk profile and eat the option premium OR one might want to buy 11750 PE/11700 PE and trade accordingly. One should adhere to the stop loss and trade volumes as per entry price.
Trade closed: target reached: Target T1 achieved. Makes a low below 11700. Closing positions