I dont know how Option trading is profitable when you sit on assumption that your options premium is correct and you will get profits form it a Trader name as Leef asked me today will it come up to 1400 , it might come but it will be slow as it has shown the start of bearish momentum this one will move up weak on daily , one can look for selling short in Futures contract and hold it , this one is on high of the structure but the caution is since USD INR is devaluation can result in this scrip might move up since it is an IT Scrip Take your own decision , but one who finds the best place with reversal confirmation can go for short selling in Futures Good luck
Trade active
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Cracked , well it did pull back near 1379 , but failed to move forward ,
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how do you rate my wave theory , ha ha , Just asking , keep trailing the stop , enjoy the ride ,
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ha ha , Yaaaaaaaaaaaaaaaaahooooooooooooooooooooooooooo, form 1379 to 1180 You guys must be thinking what the hack has just happen, that is called I love Money Rain Only Money Rain ,
Trade closed: target reached
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I am closing this a trade closed today i am booking full from 1379 to 1150, made 229 Points , its Friday , Party Time , ha ha
@leef, i dont have to explain , play the chart and take a note i was telling this will reverse way before the entire market can talk about it from sep 06 to till date , Market works but it works with some sense of direction and sense of repeating the pattern , hope you got the answer and it you ware in the direction of the trade as per forecast , You should be in profits , Good luck
leef
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@MoneyRain, kept waiting for a pullback to go short which never happened:)
I-Fund-Trader
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@leef, Ha ha , there is always a difference between forecast and actual price run , it can not be pin pointed accurate , i has pulled back in cash 1378 and 1372 two times , if you can look for reversal after that , that means you would have taken the short after 1 hour reversal candle if you can not take the risk of shorting before the reversal , you would have been the profitable trade
Regards
leef
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@MoneyRain, yup, missed it. Good luck to you too. hope you are doing well and thanks again for looking into it.