Buy Nifty 5400 Call option on August 17th

When the market opened on Tuesday the 5 min chart candle was in + from previous day, so bought 5400 CE option at Rs 71

So, our net price is rs 71 + 2.8 = Rs 73.8

Target : Rs 79 ( 7 % profit )

The candle starting is at spot price 5434 so there should be a 30 point upmovement from here , target in spot is 5464.

The 2 mins chart is not supportive to 5 mins chart pattern, so, this buy is a risky trade, as the asian market is mixed with green and red.

[Reply] [Back to Top]

30 mins chart price in lower band below median

30 mins chart price in lower band below median and lower band

[Reply] [Back to Top]

Loss booked

I sold the call at rs 67 a rs 6.8 per lot loss, this is unnecessary, i felt that the market is loosing steam and could head downwards, as per my expectation market also down the call price came down to rs 55, but after there was a reverse in the movement and head back to 5487 levels in the closing time, our target price for yesterday is 79 ( 7 %) + if we add today 7% it will come upto 85 rupees, but the call price gone to Rs 112 levels.

At the same time, i really bought the call, so i booked a loss in this trade and at the same time without following my technical i bought a 5400 pe option of next month, at rs 104 , but now it is in rs 75 range. i hope on friday or on monday again the market will come down.

My this strategy working fine for the last 2 months, but unnecessary fear and doubt giving us loss. so hereafter we should stick to the technicals and should not in dilemma

[Reply] [Back to Top]