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
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April 13, 2020. Intraday SL hit as per nifty spot 9040 9300 CE @ 78 9400 CE @ 54
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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.
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Shorting 8300 PE is shorted at 180 was purely to minimize the risk and that helping us exactly what it was meant for.
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April 15, 2020 : Trade Update
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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.
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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.
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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.
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April 20, 2020 14:50 PM
Yesterday'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
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Exiting Short in Nifty 9100 Shorted at 8950. LOSS -150 Points.
@avsrikanth, Thank you sir, I have done lots of analysis but trading in stocks is not a wise idea for now. So not posting a single stock for trading. Trading the index is a lot more sensible at times like this compared to stocks.
@Ratna07, Yes sir, movements are wild. And Stocks can go up and down 10 to 15% very easily. Any gap up or gap down against the anticipated move won't even give chance to exit and it will spoil capital management.
WaveTalks
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What a move !!!
Equity-Earningz
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@AbhishekHSinghCMT, Thank you, Sirji you are an inspiration.