Witnessing Range Bound Trading.
One Can Short above @ 309.6 to @ 311.50
For Target of @ 300-
Weak Below @ 299
More levels plotted on Chart.
SL: @ 317.60+ (By Closing) or +1% for TSL (Trailing Stop Loss).
Strategy for OPTION Trading:
LONG 305PE @ 8.65 (LTP) + SHORT 300PE @ 6.55 (LTP): Calculative Loss: 2.1 point, Calculative Profit: 2.9
* Watch 1st hour then Enter. Better @ 309+ Spot level.
Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
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Mentioned Short @ 311.50
Made a LOW @ 302.55
Achieved TGT #1, @ 304.15
Made LOW @ 297.50
Profit (from Long 305PE) = 13.05 - 8.65 = 4.20
Loss (from 300PE) = 10 - 6.55 = 3.45
Final profit: 0.75 point => Rs. 2250 / LOT
So i post one strategy in Option Segment. any one can Vice versa also. (i.e Long @ 310 CE + short @ 315CE) risk reward ratio less han 1.