Going Short with nifty futures.
NSE:NIFTYH2023 S&P CNX NIFTY INDEX FUTURES
Again planning to short with NIFTY futures as the technical charts show massive weakness. My stop loss for shorts will be 17270+ and my target is 16884.
Entered shorts at 17152.15
In options, going short with 17300 CE(Monthly) at 103 and 17800(CE) long(hedge) at 11.45
Low Risk Stop loss is at 17219.5 (But it's highly vulnerable.)
Nifty making wild swings, holding short with tight SL (17219.5). On SL hit I will exit from shorts.
Trade closed manually:
Exiting my short position at loss. cmp 17191