Nifty - 150 number LogicSir/Mam,
The market specially options are very hard to book profits as we have to be very clever of the NUMBERS GAME - 150
Let me make it clear as we all know the Nifty closing 26068.15. We need to keep 26050 CE and PE in your watchlist. Buy when both calculated value comes 150 or below (CE + PE) for e.g. now it is - 116+92 = 208 wait until it comes near - 150. Maybe it will come on Monday or Tuesday, you will have chunk of profit of sure.
Option trading is just a number which we need to capture it perfectly. The chart is just to make traders distract from the fear of upside or downside. The real trading is in the value which you buy and sell.
Agree that some make profit and loss. But when you have the correct number caught up then it is hard to get loss in it.
Now let's jump to Chart what we can visualize from that is,
26200 - Sell Zone
26050 - Not to Trade Zone
25900 - Support Zone
The above is levels where all traders get panic. So, we have to be smart to buy CE and PE as discussed above. When market comes to that level the values changed horribly as the value keep on changing to know the interest of the buyers and sellers at this point only levels get running upside or downside.
Sharing this idea, which is beyond logic, but this is best way to earn profit and to stay in Option Trading for coming days.
Hope you will like this idea.
Thanks for taking time.
