Profit booked: Trade no 35: Indian market Prediction - Intra day for June 4

Profit from first 20 lots is Rs 16000 since nifty puts 4500 reached the highest premium of R s185. However we did not give clear instructions on next 20 lots.Hence loss is booked at current premium of Rs 149. Total loss is 6000 after brokerage

 

Net profit is Rs 8000 after brokerage on all 40  lots.

 

Market has sharply bounced back after correctionas seen in the chart. no further trade recommended

 

 

 

Nifty down about 38 points. Nifty 4500 puts at Rs 165. Buy 20 Puts at current price and another 20 may be purchased at Rs 153 ( days; lowest price so far is 157) before 1pm.

 

Market may suddenly bounceback after a sharp fall .hence protect profit after gain  of rs 15 with trailing stop loss of rs 4