5222 Break above 18300 and closing above 18300 is bullish
18300 closing is bullish as there is possibility of short covering rally of 200 points
Super simple strategy : 3Nov 17200 pe long at 10 to 12 and short Short 17400 Pe at 20 ...Qty 1 lot
Every day shifting of short pe by booking profit of 10 pts whenever if falls to 10 or 15. after booking again creating short position whenever, there is 20 option strike price.
if shifting done 3 times in next 5 days + 3*10*50 = 1500 - pe long of 500 = 1K profit.
If sudden fall and exceeding the loss of more than 0.9K, then square off. Apprx profit is 1% in one week and loss also 1% if loss exceeds 900/-
it is not a recommendation of sell or buy. This is for educational purpose only.
Super simple strategy : 3Nov 17200 pe long at 10 to 12 and short Short 17400 Pe at 20 ...Qty 1 lot
Every day shifting of short pe by booking profit of 10 pts whenever if falls to 10 or 15. after booking again creating short position whenever, there is 20 option strike price.
if shifting done 3 times in next 5 days + 3*10*50 = 1500 - pe long of 500 = 1K profit.
If sudden fall and exceeding the loss of more than 0.9K, then square off. Apprx profit is 1% in one week and loss also 1% if loss exceeds 900/-
it is not a recommendation of sell or buy. This is for educational purpose only.
Trade closed: target reached:
300 pts done