siddmuk2005

SBIN sideways to long trade

Long
NSE:SBIN   STATE BK OF INDIA
SBIN sideways to long trade
Comment: it may go near 357
Comment: breakout retest done now it should start moving upside

Comments

super working 👌👌
+1 Reply
SBIN can come at below 370 in coming 1 to 2 days ??? I have taken after 1.30pm today 370 PE and showing loss now. Any idea it will down in 2 or 3 days ?
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@supriyakadam Sorry but seems bullish now. May touch 390 soon.
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supriyakadam singhpiyu1988
@singhpiyu1988, PUT Sq off with loss 9k, and taken CE 400 still in loss, tried option hedging in sbi but its failed. now i almost loss in options.
i will stop options trading now. i am a beginner :-(
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siddmuk2005 supriyakadam
@supriyakadam, Why you have taken PE when SBIN is near multi year breakout and if it will open 10% upside banknifty will open 2000 point gapup. So be cautious as Banknifty still not in distribution phase. It just reached where it was before corona.
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supriyakadam siddmuk2005
@siddmuk2005, Learning Stock Market, but today i have study SBIN chart may be it will fall till 357 and then it will move upward.
If i hold SBIN PE 370 may be i am in profit but that sq.off and taken CE 400 that also wrong trade.
IN this options i have faced LOSS around 12k. hope i will recover loss soon with swing trade only.
NO OPTIONS NOW... :-)
Thanks
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@singhpiyu1988 , Thanks. need to sq off position with loss may be, will wait till tomorrow end
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@supriyakadam hi my sincere advice to you, if you have money then be option seller. Sell conservative OTM PE just to learn first with small profits. if you have not that much amount to invest then work with stocks rather than options.
+1 Reply
supriyakadam singhpiyu1988
@singhpiyu1988, Thanks , learning options , yes sure noted. i will try nifty for OTM PE or CE.
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@supriyakadam specially in high volatility sellers win due to time decay.
+1 Reply
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