Chart Patterns
Short entry was at 128. Cmp 122 Trailing stop-loss form 134 to 130 Target is 105
Trailing Stop further form 130 to 123, which is a starting point of broadening top. L&T Finance Shorted at 128. Target is 105. CMP 114.50
Yesterday it Was a strong selloff after an intraday rally. Today the probability of a selloff is not as high as it was yesterday.
So not selling today's intraday recovery.
50% Retracement is at 11533 ( 10637 - 12430)
Expecting reversal to be made around 11500-11550 if Nifty to consolidate at this levels next week.
So not selling today's intraday recovery.
50% Retracement is at 11533 ( 10637 - 12430)
Expecting reversal to be made around 11500-11550 if Nifty to consolidate at this levels next week.
Chart Patterns
Trailing Stop further form 130 to 123, which is a starting point of broadening top. L&T Finance Shorted at 128. Target is 105. CMP 114.50
Target came quickly because of selling across the globe.
RR 1:4 Achieved.
RR 1:4 Achieved.
Chart Patterns
https://in.tradingview.com/chart/NIFTY/xQE0dJWT-Shorting-Nifty-Pullback/
Nifty Trading @ 8936. Luckily Stop-Loss Still intact. Market likely to remain range-bound this week and we have one more trading holiday tomorrow. So now Shorting 8300 PE @ 190 For April and keeping the position open.
It's a Covered Put Strategy.
Nifty Shorted @ 8950 And Now Shorting 8300 PE @ 190 ( Monthly Expiry )
If the Market remains range-bound or it doesn't fall below 8300 for this month. 8300 PE will be Zero. Just hedging Short position to minimize risk.
If we hit Stop-loss at 9130 in nifty, we will gain a few points from 8300 PE which will reduce our cost.
And on the downside maximum Gain is up till 8300-190 = 8110. If Nifty falls below 8110 for April, we won't gain anything below that.
It's a Covered Put Strategy.
Nifty Shorted @ 8950 And Now Shorting 8300 PE @ 190 ( Monthly Expiry )
If the Market remains range-bound or it doesn't fall below 8300 for this month. 8300 PE will be Zero. Just hedging Short position to minimize risk.
If we hit Stop-loss at 9130 in nifty, we will gain a few points from 8300 PE which will reduce our cost.
And on the downside maximum Gain is up till 8300-190 = 8110. If Nifty falls below 8110 for April, we won't gain anything below that.
Chart Patterns
Nearest Nifty Gap to be filled at 8800-8750. One can short Intraday Options 9300 or 9400 CE of weekly Expiry. Keeping Stop-loss as per your risk management. Or Nifty spot 9040. 9300 CE @ 60 9400 CE @ 40
Nifty @ 9040. SL hit for Intraday as per level.
9300 CE @ 78
9400 CE @ 54
9300 CE @ 78
9400 CE @ 54
Chart Patterns
Nifty Trading @ 8936. Luckily Stop-Loss Still intact. Market likely to remain range-bound this week and we have one more trading holiday tomorrow. So now Shorting 8300 PE @ 190 For April and keeping the position open. It's a Covered Put Strategy. Nifty…
Comment: April 15. 2020. - Positional Trade Update
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Nifty stop-loss was at 9130, But it was triggered in GAP so the position is stuck. Nifty Opened at 9197. Nifty trading at 9244. So now keeping stop-loss at 9265. Placing 20 Points away from CMP. If 9265 Hit then futures position must be squared off, as we don't know pullback may extant to 9500 or 10000 levels. We will get more technical indication to short with time.
Nifty Option 8300 PE shorted at 190 is now 98. 90 Points of Profit. So we are still near to our Initial Stop-loss Range.
Nifty 8300 PE Profit is compensating for the extra loss in nifty due to gap-up. If we exit Position both now we still get at the same loss as it could have been at 9130. Extra loss if 100 points from 9130 to 9140 is compensated by 8300 PE which is now 100 from 190.
*Option Trade was purely to minimize the risk and that helping us exactly what it was meant for.*
As this pullback is looking strong and we have gaps that can acts as support as well. So IF nifty hit 9265 Our futures position will be closed But Nifty 8300 PE short position will be kept open. And the idea is to eat the whole premium.
Nifty at Shorted at 8950 | Cmp 9230 | Revised stop-loss because of GAP-up is 9265.
Nifty 8300 PE | Shorted at 190 | CMP 100 | Keeping SL at 180.
And will keep the position open even if nifty hit 9265 till the expiry date.
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Nifty stop-loss was at 9130, But it was triggered in GAP so the position is stuck. Nifty Opened at 9197. Nifty trading at 9244. So now keeping stop-loss at 9265. Placing 20 Points away from CMP. If 9265 Hit then futures position must be squared off, as we don't know pullback may extant to 9500 or 10000 levels. We will get more technical indication to short with time.
Nifty Option 8300 PE shorted at 190 is now 98. 90 Points of Profit. So we are still near to our Initial Stop-loss Range.
Nifty 8300 PE Profit is compensating for the extra loss in nifty due to gap-up. If we exit Position both now we still get at the same loss as it could have been at 9130. Extra loss if 100 points from 9130 to 9140 is compensated by 8300 PE which is now 100 from 190.
*Option Trade was purely to minimize the risk and that helping us exactly what it was meant for.*
As this pullback is looking strong and we have gaps that can acts as support as well. So IF nifty hit 9265 Our futures position will be closed But Nifty 8300 PE short position will be kept open. And the idea is to eat the whole premium.
Nifty at Shorted at 8950 | Cmp 9230 | Revised stop-loss because of GAP-up is 9265.
Nifty 8300 PE | Shorted at 190 | CMP 100 | Keeping SL at 180.
And will keep the position open even if nifty hit 9265 till the expiry date.
Chart Patterns
Comment: April 15. 2020. - Positional Trade Update -------------------------------------------------------------------------- Nifty stop-loss was at 9130, But it was triggered in GAP so the position is stuck. Nifty Opened at 9197. Nifty trading at 9244. So…
This one is a good example of staying with The Primary Trend and trade management. Nifty & Nifty Option both of are in profit. Because of the Options, *Covered Put Strategy* we are able to manage today's huge gap-up opening against our anticipated direction.
Nifty CMP @ 8890 ( Shorted at 8950 )
Nifty 8300 PE @ 160 ( shorted at 190)
Continue holding the position in Nifty and Options.
Nifty PE stop-loss to be done only if we hold naked put.
Right now Nifty Short is open, it didn't hit SL @ 9265. ( luckily )
So hold both trades. And let Cover Put Strategy Play its Role for maximum Gain and minimum Risk.
Nifty CMP @ 8890 ( Shorted at 8950 )
Nifty 8300 PE @ 160 ( shorted at 190)
Continue holding the position in Nifty and Options.
Nifty PE stop-loss to be done only if we hold naked put.
Right now Nifty Short is open, it didn't hit SL @ 9265. ( luckily )
So hold both trades. And let Cover Put Strategy Play its Role for maximum Gain and minimum Risk.
Chart Patterns
This one is a good example of staying with The Primary Trend and trade management. Nifty & Nifty Option both of are in profit. Because of the Options, *Covered Put Strategy* we are able to manage today's huge gap-up opening against our anticipated direction.…
Yes, another huge Gap-Up and trade management required again. We will wait for RBI Press Conference and apply trade management as per the market movements.
Chart Patterns
Yes, another huge Gap-Up and trade management required again. We will wait for RBI Press Conference and apply trade management as per the market movements.
Keeping the Stop-loss @ Today's High. When stop-loss hit, will exit only nifty position and 8300 PE will be kept open till expiry.