Update: Prediction based Trade no 12: Indian s market April 17- 30 profitable prediction based trade series

edited(after mkt): The anamoly in reported premium on put option 3400 is evident from the fact that while premium was Rs 77-80 when market was at 3435, premium on the same option when market went down by another 65 points at 3360 (day's lowest), rose to Rs 125- a rise of 45-50 Rs for just 60-65 point fall.

5 nifty puts purchased at nifty 3475 and another 10 put options at Nifty approx 3490 ( close to day's high so far at 1.40 pm)-see chart

Nifty since then fallen over 50-60 points. however nifty put premium has remained almost at same level as Nifty's high point today( Nifty 3400 is heavily traded today)

Due to possible erroneous reporting of premiums, the trade is deemed succesful ( having fallen 50-60 points) good neough to give our profit targets.

However a notional profit of Rs 100 is assumed for trade no 12