Shorting Nifty Pullback
Short Below 8950
Stop-loss 9130
Target 8200-8300 Zone.
Risk Reward 1:4
Stop-loss 9130
Target 8200-8300 Zone.
Risk Reward 1:4
Trade active
Note
Using a covered call strategy. Selling 8300 April Put at 180. And Stop-loss = What Nifty hit 9130.
Nifty bounced back due to global market rallies. This pullback may extend to 9500 as well or 10000 who knows.
so the idea is to eat premium if nifty consolidate for a few days before hitting 9130. Bringing the cost down a little bit.
Note
**Used a Covered Put Strategy. I made a typo in above message. Nifty down by 160 Points but 8300 PE is still at 182. That's the benefit of high IVs. and time premium.
Note
Intraday Option Trading Idea April 13, 2020. 10:35 AM--------------------------------------------------------------------------------------
Nearest Nifty Gap to be filled at 8800-8750. One can short Intraday Options 9300 or 9400 CE of weekly Expiry. Keeping Stop-loss as per your risk management. Or Nifty spot 9040.
9300 CE @ 60
9400 CE @ 40
Note
Note
April 13, 2020. Intraday SL hit as per nifty spot 90409300 CE @ 78
9400 CE @ 54
Note
April 15. 2020. - Positional Trade Update--------------------------------------------------------------------------
Nifty stop-loss was at 9130, But it was triggered in GAP so the position is stuck. Nifty Opened at 9197. Nifty trading at 9244. So now keeping stop-loss at 9265. Placing 20 Points away from CMP. If 9265 Hit then futures position must be squared off, as we don't know pullback may extant to 9500 or 10000 levels. We will get more technical indication to short with time.
Nifty Option 8300 PE shorted at 180 is now 98. 80 Points of Profit. So we are still nar to our Initial Stop-loss Range.
Nifty 8300 PE Profit is compensating for the loss in nifty.
As this pullback is looking strong and we have gaps that can acts as support as well. So IF nifty hit 9265 Our futures position will be closed But Nifty 8300 PE short position will be kept open. And the idea is to eat the whole premium.
Nifty at Shorted at 8950 - Cmp 9230 - Revised stop-loss because of GAP-up is 9265
Nifty 8300 PE - Shorted at 180 | CMP 100 | Keeping SL at 180. And will keep the position open even if nifty hit 9265.
Note
Note
Note
Shorting 8300 PE is shorted at 180 was purely to minimize the risk and that helping us exactly what it was meant for.Note
April 15, 2020 : Trade Update --------------------------------------------
This one is a good example of staying with The Primary Trend and trade management. Nifty & Nifty Option both of are in profit. Because of the Options, *Cover Put Strategy* we are able to manage today's huge gap-up opening against our anticipated direction.
Nifty CMP @ 8890 ( Shorted at 8950 )
Nifty 8300 PE @ 160 ( shorted at 190)
Continue holding the position in Nifty and Options.
Nifty PE stop-loss to be done only if we hold naked put.
Right now Nifty Short is open, it didn't hit SL @ 9265. ( luckily )
So hold both trades. And Cover Put Strategy Play its Role for maximum Gain and minimum Risk.
Note
Yes, another huge Gap-Up and trade management required again. We will wait for RBI Press Conference and apply trade management as per the market movements.Note
Keeping the Stop-loss @ Today's High.(9325) When stop-loss hit, will exit only nifty position and 8300 PE will be kept open till expiry.Note
April 20, 2020 14:50 PMYesterday's high again or stop-loss triggered in the gap-up opening.
So trade is still open keeping stop-loss at today's 1st 15 min gap-up candle's high @ 9391
Note
Exiting Short in Nifty 9100 Shorted at 8950. LOSS -150 Points. Exiting 8300 PE at 36 Shorted at 190.
Profit 154.
Net = No lose, No gain.
Trade closed manually
Note
Expecting Nifty to fill the gap @ 9240. CMP 9100
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