Observe_Think_Act_Think

NIFTY : Breakout Anytime

Long
NSE:NIFTY   Nifty 50 Index
Bias for Friday: I expect positive day scaling to new highs. There is no real overhead resistance that I see. So NIFTY can jump the red zone very fast or consolidate a little bit. If it's a largely positive day, gap up 1%+ and then holding that gap for rest of the day, some mild profit booking is logical before traders on the long side take some profits before the weekend.

I have bought 14400/14500 CE debit spread @ 38.80 Rs . SL is close or trading 1 hr below 15150. I expect to hold this till Monday morning.
Trade active: 14400/14500 CE debit spread @ 38.80 Trading at 52 Rs. 975 profit
Trade closed manually: As expected mild profit booking near eod. I too exited the position @ 46.5 Rs. As per original plan Carrying the position till Monday morning was the plan, but its better to take profits when available and before weekend.

Comments

Good to see you back sir after long time here ..
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@vilasshengale, Thanks Vishal. Planning to post my trades regularly for next few days.
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Bro i dont understand what to do if market goes above its all time high
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@tejgulhane33, Positionally you buy with as stop Loss :)
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