Loss booked: Intra day Indian Stock market prediction May 15-trade 30

Please see the chart above. 10 puts purchased at rs 124. Profit threshold level was not crossed during the day .hence loss booked at closing premium of Rs 118.15(+2 for brokerage per lot=Rs 100 per lot )= approx 3925

 

 

Market yet to open.Nifty closed yesterday at 3593.45 with Nifty 3600 May Put at Rs 150.45.

 

Buy 10 Puts if premium on above put is above Rs 165( edited rs 124) ( unless it opens even higher).More Pts may be added

 

Market may follow the indecisive pattern of yesterday with possibly larger range of movement with more than opportunity to make profit from intra day trade