There a wide Supply / Demand Zone @ 18300-17950.
After Friday's weakness Nifty sustain above Friday's low. I am considering this sideways move as a time wise correction and expecting trending move above 18320.
I am not a intraday trader...I am a positional option seller. So my view is for next exp(12th Jan).
After Friday's weakness Nifty sustain above Friday's low. I am considering this sideways move as a time wise correction and expecting trending move above 18320.
I am not a intraday trader...I am a positional option seller. So my view is for next exp(12th Jan).
Trade active
Sold 18300 PE-12th Jan Exp @ 190Trade closed manually
Exited @ 188...Trade active
Took Revere Position-Sold 18100 CE 12th Jan @ 200Note
Brake Down in 18100 Strike below 150 - CMP @ 145...Sl @ 200 now...I will exit from this position if sl hit or if strong buying from Demand Zone @ 17800-17900.
Note
Trade closed manually
Booked 18100 @ 160Trade active
Sold 18100 CE 12th Jan @ 130...My SL is 180Note
Still 18300-17935 is a choppy zone. Below 17935 there is a demand zone @ 17800-17900. Below 17800 there is a free fall to 17400-17450 and 16500-17000. Opposite side it will be bullish above 18300...
Something big going to happen on either side...very soon...
Down is trading sideways from last 12 days....
I am confused thats y I bated on option price not on the spot price.
Note
LTP @ 18020 --- Expecting one way fall .... 10 17800-17930Bought 18000 12th Jan Exp Put @ 110 my SL is 95
Note
Bingo...Put Option @ 135...Expecting target of 180-210Note
Position: 18100 CE Short 12th jan...CMP @ 85... (FIRST SOLD @ 200 - BOOKED @ 160 THEN SOLD @ 130 - CURRENTLY HOLDING)Now I will not follow the mentioned Stop Loss...I will observe the price action in the 17800-17900 Demand Zone..If Strong Buying will Come from the Demand Zone(I am less confident) then I will square off my position otherwise I will wait till 0.
Note
I will updated in my latest post if i will get time...Thank x
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.