Date : 18 Jan 2017
NIFTY continues it sideways range for one more day. Looking at the morning bullishness it appeared that the resistance at 8450 will be finally taken out, but bears managed to mark price down. Some demand is seen from 8400. But it appears that a re-test of 8370 is on card.
Update on Open Trades
Trade 1
Date : 13 Jan 2017
Sold 1 lot, 8450 JAN CE @ 48.
Sold 1 lot, 8300 JAN PE @ 29
Net Premium received = 77 pts
Max stop loss = 33 points i.e. net premuim > 107 points
Target = 46 points i.e. net premium < 31 points.
Date : 18 Jan 2017
CMP of 8450 JAN CE = 41.50
CMP of 8300 JAN PE = 17.80
Net Premium = 59.30
Unrealised P/L = +17.70 points
Trade 2 : [Closed]
Naked SHORT on 8500 JAN PE, 1 lot @ 104, Exit @ 104, Net P/L = 0.00
NIFTY continues it sideways range for one more day. Looking at the morning bullishness it appeared that the resistance at 8450 will be finally taken out, but bears managed to mark price down. Some demand is seen from 8400. But it appears that a re-test of 8370 is on card.
Update on Open Trades
Trade 1
Date : 13 Jan 2017
Sold 1 lot, 8450 JAN CE @ 48.
Sold 1 lot, 8300 JAN PE @ 29
Net Premium received = 77 pts
Max stop loss = 33 points i.e. net premuim > 107 points
Target = 46 points i.e. net premium < 31 points.
Date : 18 Jan 2017
CMP of 8450 JAN CE = 41.50
CMP of 8300 JAN PE = 17.80
Net Premium = 59.30
Unrealised P/L = +17.70 points
Trade 2 : [Closed]
Naked SHORT on 8500 JAN PE, 1 lot @ 104, Exit @ 104, Net P/L = 0.00