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By vivekz_142
Updated
15747.35 is the level,. Short calls above it. If you are low on capital don't buy puts. You can also short future. Buy puts tomorrow morning if our view holds. This is positional trade. Sl is 50 percent of the premium received. For example, if you shorted a call for 100 then sl is 150. Keep a target of 15640 at least.
Trade closed: stop reached
shorted half quantity yesterday of 15750 CE @ 70. SL was 105. Was planning to take another half when it would have sustained below the given level but that was not the case here. Hope you did not but put yesterday.
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let's see. still, that level is intact. Hit my stop loss and now if it again gives entry I will enter
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Entered yesterday with half quantity .. See buying puts and shorting calls and future are different things.
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Booking calls but not future. Gave SL once but the view was intact. See market did no go down drastically. hence Put buying was avoided.
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Risky players can keep the target of 15580. Spot
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Spot low made is 15635.9. boked 75 % future quantity. The target of 15640 was achieved. See the market will take your SL but if you are a strong bull/bear then it will reward you. Weaks on any side gets butchered. Keep quantity in control and put SL in the system you will shine.
Chart PatternsTechnical Indicatorsnifty50shortingTrend Analysis

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