syam-mohan-vs

Buy NIFTY18MAR10300CE

Long
NSE:NIFTY   Nifty 50 Index
Signals are generated using a proprietary indicator developed by me using Tradingview Pine Script (and in.tradingview.com/s...kari-NTS-V1-0-Study/).
Trade active:
I bought NIFTY18MAR10300CE at 212.7 today morning when Nifty Sport price hit the green line @ 10429.1, today morning.
Comment:
I am trading with 1 lot = 75 option contracts
Trade closed: stop reached:
Price hit the red line. So I exit NIFTY18MAR10300CE @ 132.1. Total Loss = Rs.6045.
Trade active:
I bought NIFTY18MAR10400PE @ 211 since the price has hit the red line @ 10288.5. Generally this sort of situation where you get a long and short on the same day doesn't happen. This sort of whipsaws happen on highly volatile days. Key thing to understand is that System may not show both signals on the same day because tradingview pine code assumes a certain pattern of candle price flow and then gives signals - www.tradingview.com/wiki/Strategies. So better to watch daily levels also for trading.
Comment:
Carrying NIFTY18MAR10400PE with M2M profit of Rs.2,651.25 @ market close for the day.
Comment:
Still holding on to the put option as market opened in red and in our direction. I will reverse my position to long only if price breaches 10336.8
Comment:
Carrying NIFTY18MAR10400PE with M2M profit of Rs.4,421.25 @ market close for the day.
Comment:
Still holding NIFTY18MAR10400PE with M2M profit of Rs.2287 now. Reversal of position to long only if price breaches 10243.65
Trade closed manually:
Closed position in NIFTY18MAR10400PE with profit of Rs.450 when Nifty Spot hit 10243.65.

Syam @ T7 - Makes Life Easier.

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Disclaimer

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