NIFTY | Again falling into the range - Lets try Put spread Short

Nifty 50 IndexNSE

Description

⋅ May 20, 2021 7:56 AM

NIFTY | Again falling into the range - Lets try Put spread

CMP : 14990
SL : 15074
Target : 14830-14850

Buy 14900 PE
Sell 14800 PE or Sell 14700 PE as per the risk appetite (Overnight position)

Trade active

⋅ May 20, 2021 9:22 AM

80 points captured :) Trailing SL now above 14950

Comments

dhineshr244

⋅ May 20, 2021 10:42 AM

Hi bro , is that pattern comes under breakout and retest.. i think probability of going up..

parshubhandge123

⋅ May 21, 2021 6:04 PM

bhaiya ji ko loss huva aaj

srikartiram

⋅ May 21, 2021 6:05 PM

@parshubhandge123, Yes ji, it given 80 points profit, but next day market gap up ! Thats why i recommended spread than naked option