Review of Prediction based Trade 83 Indian market : July 11

Today’s prediction was given in morning when sensex was down about 42 points and nifty down 10-15 points.Call options recommended with warning that market would go down in afternoon.

 

Recommended  4100 July call option at rs 164.10 -3 lots. Another five lots if premium went down to Rs 152 within specified time .

 

3 lost purchased however 5 lots could not purchased as premium went down to Rs 153 but did not reach target of 152 ( in morning trade) .

 

Premium of Rs 171 achieved when nifty rose 11-15 points and nifty rising 24 points by 12 noon. However in absence of live monitoring of premium it is not clear how much premium went up before falling . So we assume revised stop loss of Rs 168 was hit leaving marginal profit of  Rs 300 after brokerage charges.

 

Since this profit is marginal, we abandon this trade from our trading fund  Stats