August 13th Buy put option

Augustt 13th :

MACD signal was in + territory, so i am trying to buy put option , but as the asian markets are in green and nifty spot price not touched the upper band of BB i wait for some more time, eventhough there was a negative divergence at 5442 in MACD 5 mins, when Nifty touched the upper band at 5469, i bought 5500 put option at Rs 73.20

now my target price is :

Rs 73.20 + 2.8 = RS 81.35 ( 7 % profit )

When the MACD gave the buy signal the price was at rs 87 , so i guess the put option value will go atleast upto Rs 97

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touched 81.30

touched 81.30 at 12.50 pm when the spot touched 5458 levels.

but as our target is 81.35, there will be no trade executed.

so we are waiting, now the market is up again and 5476 levels. option value comed down to rs 67

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Target achieved

Target should be achieved , as there is no power supply in my area, i can't able to track the selling time. nseindia.com also not giving the chart properly.

as the market touched 5440 again, i assume the target will be achieved. because at 5458, 81.30 achieved, only our target missed by 5 paisa so at 5440 it will be sure, our target might be achieved.

So, call closed with profit.

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Profit booking chart

Nifty 5500 put option chart for profit booking points.

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