Don't know much about charts.. can you kindly comment here on the levels? Target and SL??
Amit_Ghosh
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@Ken4145, If you are unable to interpret from the chart with the dotted lines in both sides showing the target and SL properly, it is better you don't follow my charts AT ALL.
Disciple_Of_Shiva
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@Amit_Ghosh, 1623 SL and 1461 & 1404 target? is that correct sir?
Amit_Ghosh
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@Ken4145, ATH is 1607.
But the highest OI will be 1600. Now see the premium of 1600. So the guys who will sell March 1600 will be unaffected to even 1640 levels. If that reaches I will not close (if I am talking about me, I don't follow stop losses much in many cases.) I will hedge with 1600PE.
But 1620 if breached upside (So, yes, 1623 looks like fine SL) then it won't fall sharply (rather consolidate). Book the trade and sell ATM CE. That will shift the BEP to 1640s :)
Disciple_Of_Shiva
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@Amit_Ghosh, thank you so much for taking the time and explaining in detail and that too so well .. truly appreciate it sir :)
Amit_Ghosh
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@Ken4145, Target should be 1440 area.
Disciple_Of_Shiva
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@Amit_Ghosh, I guess i'll learn about these things and get back to you.. sorry for bothering you.. May God bless you with all the success in your trading.. :)