Hello All trader guru, i need your help on square off my nifty position.My query is that,
1.Date 18 Apr bought 1 lot May 27 Nifty 5300 call @88 Rs when Nifty was trading at 5180.
2.On date 23 Apr 2010 May 27 5300 call @ 126. and nifty is now at 5304
so can I square off this position and make 126-88 = 38
38*50 = 1900 profit. ?
or shall i need to wait for break even point to square off position?
my second question is :
3.Lets say,Nifty is trading @5304 If I bought nifty 5400 call @ 50 at morning
and after 2 hours Nifty is trading at 5350 and now May Nifty 5400 call is @ 70,So can i square off this position and make 20 Rs. profit per each?
4.Any special should be taken while square off position?
1.Date 18 Apr bought 1 lot May 27 Nifty 5300 call @88 Rs when Nifty was trading at 5180.
2.On date 23 Apr 2010 May 27 5300 call @ 126. and nifty is now at 5304
so can I square off this position and make 126-88 = 38
38*50 = 1900 profit. ?
or shall i need to wait for break even point to square off position?
my second question is :
3.Lets say,Nifty is trading @5304 If I bought nifty 5400 call @ 50 at morning
and after 2 hours Nifty is trading at 5350 and now May Nifty 5400 call is @ 70,So can i square off this position and make 20 Rs. profit per each?
4.Any special should be taken while square off position?