NIFTY EXPIRY DAY TRADE
the nifty range would be 11100 - 11400. I will look for sell on rising till the market sustains below 11350. i personally do scalping both the side. like today we made money although if i could stay longer we could have made more money. but nevertheless, its good to make a small profit then losing the money.
strategy
1.i have a trend line according to which i plan my trade and keep support and resistance in mind. tomorrow is market expiry so the market will give momentum both the side.
2. if the market opens the gap down below the trendline and does not break the first 5 min candle high will continue on the sell-side till 11183 with trail stop loss. if the market breaks 11183 and reaches 11150- 11108, will sell the put option.
3. if the market opens gap up but will not cross 11350 will sell 11400 ce with 30 point sl.
4.if market keeps trading in a range ...will mark high and low of the range and sell both ce and pe option. whichever side the market will move to carry the opposite position.
tomorrow is the bank hearing so bank nifty would be volatile ..keep watch on bank nifty as well.
the nifty range would be 11100 - 11400. I will look for sell on rising till the market sustains below 11350. i personally do scalping both the side. like today we made money although if i could stay longer we could have made more money. but nevertheless, its good to make a small profit then losing the money.
strategy
1.i have a trend line according to which i plan my trade and keep support and resistance in mind. tomorrow is market expiry so the market will give momentum both the side.
2. if the market opens the gap down below the trendline and does not break the first 5 min candle high will continue on the sell-side till 11183 with trail stop loss. if the market breaks 11183 and reaches 11150- 11108, will sell the put option.
3. if the market opens gap up but will not cross 11350 will sell 11400 ce with 30 point sl.
4.if market keeps trading in a range ...will mark high and low of the range and sell both ce and pe option. whichever side the market will move to carry the opposite position.
tomorrow is the bank hearing so bank nifty would be volatile ..keep watch on bank nifty as well.
Comment:
no treding day. ..sold 11350 pe around 11347.with 11339 ...very small quantity .will exit before 10 30 .or cost to cost
Comment:
exit ...600 per lot ...happy treding
Comment:
again made an early exit today ..waiting for 11430-11440..will short on first negative candle.