Nifty View - 13 Feb 2025

Feb 13

Nifty is forming a bearish trend after excellent support at 23000. It feels like Nifty is forming a bull trap at 23200 since the momentum has slowed.

Personally, how am I trading this trend:
Since today is Nifty expiry I'm carrying 21250 PE with entry at around 55.

Feb 13

Trade active

Holding 23250 PE until nifty hits 23210 (SL) or 23130 (TP)

Feb 13

Trade closed manually

Booked most of the qty between 120-125.

Feb 13

Note

Trailing SL at 77-80

Feb 13

Note

Exited most at 130-137

Feb 13

Note

Final target 155-160

Feb 13

Note

Profit booked

Feb 13

Note

23250 PE momentum is falling.