syam-mohan-vs

Buy NIFTY18MAR10500PE

Short
NSE:NIFTY   Nifty 50 Index
Signals are generated using a proprietary indicator developed by me using Tradingview Pine Script (and https://in.tradingview.com/script/5n7sRv...).
Trade active: I bought NIFTY18MAR10500PE at 187.25 when Nifty Sport price hit the red line @ 10339.45.
Comment: Holding NIFTY18MAR10500PE with loss of Rs.-3,633.75 @ market close for the day.
Comment: Still Holding NIFTY18MAR10500PE with loss of Rs.2831.25. Reversal to long only if Nifty spot hits 10495.9.
Comment: Holding NIFTY18MAR10500PE with loss of Rs.468.75 @ market close for the day.
Comment: Still Holding NIFTY18MAR10500PE with profit of Rs.2992.5. Reversal to long only if Nifty spot hits 10438.1.
Comment: Exited NIFTY18MAR10500PE with Rs.7500 profit and rolled over the short position by buying NIFTY18MAR10400PE @209.5. So we are still short. But the rolling over to lower strike put ensures that we book our current profit and reduce our market exposure with the lower premium that comes with the lower strike put.
Comment: Holding NIFTY18MAR10400PE with loss of Rs.318.755 @ market close for the day. Enjoy the booked profit. See you all next week and let us find out how much our new put option is going to make us.
Comment: Still Holding NIFTY18MAR10500PE with profit of Rs.6315. Reversal to long only if Nifty spot hits 10286.45.
Comment: Holding NIFTY18MAR10400PE with profit of Rs.6,367.50 @ market close for the day.
Comment: Exited NIFTY18MAR10400PE with Rs.6468.75 profit and rolled over the short position by buying NIFTY18MAR10300PE @211.35. So we are still short. But the rolling over to lower strike put ensures that we book our current profit and reduce our market exposure with the lower premium that comes with the lower strike put.

We have till now booked Rs.13968.75 per lot of Nifty Option. Hope we make more. Reversal to long only if Nifty spot hits 10177.45.
Comment: Holding NIFTY18MAR10300PE with loss of Rs.2,730.00 @ market close for the day.
Trade closed manually: Exited NIFTY18MAR10300PE with loss of Rs.6,900.00 as Nifty hit today's long level of 10208.4. So total profit in this short call for Nifty is Rs.7068.75 per option lot.

Syam @ T7 Wealth Creators Pvt Ltd - Makes Life Easier.

You can support me by opening an account with Dhan via link - https://www.t7wealth.com/trading-account
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.