Long
NIFTY50 DEC OPTION SWING TRADE IDEA FOR HUGE PROFIT
NIFTY50 is currently trading at 26075 & trading at new life time high.
There are a lot of fundamental, technical & valuation reasons why I am taking this trade.
I'm seeing a trading opportunity with very good RR.
I am taking long positions in NIFTY DEC MONTHLY 25000 PE at CMP 240
I will add more quantity around 100-120, if comes & Hold with stoploss of 40
Risk in this trade is 140 points & reward is huge.
If any external event takes place which is not factored in by local & global markets, Then we can see 10-20% correction easily given current overvaluations. Hence I am taking this trade. I am not taking this trade to hedge my portfolio. I am already sitting at 75% cash & only 25% capital is invested as of now. I have bearish view on market at current valuation & I have 3 months time too which makes this trade a perfect trade with great RR.
ENTRY, SL & TARGETS are mentioned in the trading idea. If any panic happens, In that case we may see all targets getting hit.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
There are a lot of fundamental, technical & valuation reasons why I am taking this trade.
I'm seeing a trading opportunity with very good RR.
I am taking long positions in NIFTY DEC MONTHLY 25000 PE at CMP 240
I will add more quantity around 100-120, if comes & Hold with stoploss of 40
Risk in this trade is 140 points & reward is huge.
If any external event takes place which is not factored in by local & global markets, Then we can see 10-20% correction easily given current overvaluations. Hence I am taking this trade. I am not taking this trade to hedge my portfolio. I am already sitting at 75% cash & only 25% capital is invested as of now. I have bearish view on market at current valuation & I have 3 months time too which makes this trade a perfect trade with great RR.
ENTRY, SL & TARGETS are mentioned in the trading idea. If any panic happens, In that case we may see all targets getting hit.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Trade active
CMP 264
Trading above cost. Holding.
Trade active
CMP 304
27% in profit. Holding.
Trade active
CMP 460
92% in profit. Holding with CTC SL.
Trade active
CMP 560
133% in profit. Holding.
Trade active
CMP 602
152% in profit. Holding.
NIFTY50 just gave break down of H&S pattern on daily time frame. We will see 23400 soon.
Trade closed: target reached
CMP 660
240 to 660
Target 1 reached.
Trade active
CMP 750
240 to 750 - 212% in profit.
Trade active
CMP 845
More than 3.5x from my buy price.
Trade closed: target reached
CMP 1050
Target 2 reached. Now more than 4x from my buying price.
Note
Target 3 reached.
240 to 1560 now!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.