Nifty Option trades with 1 Lac Capital

Trade for 28/02/2014

Buy 6100 PUT

Buy 2900 quantity @ 33.80

Target 36

SL 30

Target 36 hit.:lol:

6100 INR profits.

Taking 3000 from profits and investing for long term - Buying BHARTIARTL 10 shares @ 286.00.

Remaining profits will sit in idle.

Buy 6100 PUT

Bought 2500 @ 36.25

Target open 38.25

SL 32.70

still carrying these positions as 6270 Nifty SPOT level not taken out.

Considering the Nifty entering into over bought zone, carrying 2500 quantity which bought at 36.25 to Monday.

Target 2 points and Risk 3.5 points?
I'm not sure what is your strategy but such trades may not work in long run..IMO.
Did you back test or is it just gambling?

All the best.:thumb:

These trades are based on guts (if thats what you call it as "gamble", yes it is :lol .

But i know little bit of supports, resistances, indicators like rsi, volume etc. Based on this , i take trades on nifty options both intraday and positional.

Tomorrow, Markets may open in green and close in red. Technicals shows that we are in strong up trend. Bulls may try to fill the gap at 6346 in this upmove itself before correction.

Profit takers may use this opportunity to sell at higher prices. We may get a huge red candle on daily nifty chart.

Expecting lot of volatility in the first hour. This is just my opinion. Any thing can happen in the market.

daily charts trend is up ..tho 15 min charts is on edge to break on downside ...

All the best i would;t Carry forward option unless it;s in profit ...
u can always reenter if u want to when market opens thats my Point of view

Being very beginning of this month expiry, i took risk. Otherwise I wouldn't take this risk too. Thanks for your view.