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Amit_Ghosh
Aug 8, 2018 8:23 PM

SunTV Cup and Handle Pattern - Vega Bet 

SUN TV NETWORK LTDNSE

Description

If you are buying futures, as per rules it is a buy above the break of the high with a stop loss at the day's low but that is a stop loss worth 30,000 INR which I can not afford.

Sell Suntv 800 PE at 25.25
or, Straddle at 820 PE CE with an initial credit of 69

Comment

As I read my OI data, Lower R: Upper R is 720:880.

Comment

High is not broken. Avoid at this moment. Vega is sky high as tomorrow it has results.

Trade active

Your trailing stop loss should be PDL so 812.05.

Comment

Showing weakness near breakout area. I will suggest to book the futures and get straddle.

Comment

previous bet was 889 and 751
Closed straddle at 15K loss and Opened 760PE 800 CE strangle
with initial credit is 32.6+18.4=51
current bet is 709 and 851
I laddered my lower bep down.
adding loss, it is 725 and 835
Comments
yogi_sharma_elliottician
Please explain Lower R: upper R
Amit_Ghosh
@Yogi_sharma, Ask someone in #daytraders. Its long story. It continuously shifts as well. docs.google.com/spreadsheets/d/1_C35b5XMXozIAxvO0oSoCDbtZh4yZ0-SqEudnoJcwGQ/edit?usp=sharing Use this
SHUBHAM14324
@Amit_Ghosh, from where you get this data of option or you by yourself create?
Amit_Ghosh
@SHUBHAM14324, You're new to trading it seems. Google "NSE Option Chain."
SHUBHAM14324
@Amit_Ghosh, option chain i know bro. im askin about option writer gain ,option writer distribution.is that also nse provide then i really dont know, so if they provide can you help me out where i can watch out for them,
Amit_Ghosh
@SHUBHAM14324, That you need to calculate right. Simple Math 101. Just use the sheet I gave you.
Amit_Ghosh
NSE will give you a and b. a+b you need to do!
yogi_sharma_elliottician
@Amit_Ghosh, Thank you brother, I was in search of this.
Amit_Ghosh
@Yogi_sharma, Do a favor. Hit like on every Tview chart then of mine. It will give me points i.e. Oxytoxin lol.
yogi_sharma_elliottician
@Amit_Ghosh, haha for sure, traders want like on such platforms not on social media. HAHAH
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