Nifty 50 IndexShort
NIFTY Podcast 22 Aug 2024
Total 2 trades were taken today.
1st trade was based on Gapup/down strategy with R:R of 1. Although the outcome wasn't in the trade's favor, so closed along with the second trade.
2nd trade was on Podcast levels, the OI data was negative and there was huge Call writer on 28500 CE side, so took the trade with R:R of 1. Closed the trade with profit of only 3 points, but based on position sizing had taken with 4 lots.
Notes:
- Instead of Naked buying, Credit Spread would have worked in the favor for the 1st trade as today was the expiry of Nifty.
1st trade was based on Gapup/down strategy with R:R of 1. Although the outcome wasn't in the trade's favor, so closed along with the second trade.
2nd trade was on Podcast levels, the OI data was negative and there was huge Call writer on 28500 CE side, so took the trade with R:R of 1. Closed the trade with profit of only 3 points, but based on position sizing had taken with 4 lots.
Notes:
- Instead of Naked buying, Credit Spread would have worked in the favor for the 1st trade as today was the expiry of Nifty.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.