Re: Profit booked: Indian market Prediction - Intra day for June 22-& new trade 53

Trade no 53 is now at a loss. Though market may bounceback in last hour to give limited losses, it is better to exit at  a loss ( current premium rs 46) as second part of prediction has not turned right

 

Premium on nifty 4300 reached highest Rs 96 and then fell. profit booked at rs 91. Profit after commission rs 7000.

 

Trade no 53

 

Nifty 4300 call premium now at Rs 70 since market has fallen again. and may rise again. Buy 10 call otpions at Rs 65 and ten next lots  at Rs 58. Protect profit as before
 

 

 

 

 

 

Lowest price of Rs 74 reached.hence 10 lots pruchased at rs 75. Premium now at rs 90. (ignore pruchase of other lots now)

 

One can take a risk and hold until premium rises to 95 and then use Rs 5 trailing stop loss as market may reach highest point in late afternoon

 

Indian market main indices now almost flat ( nifty 0-10).Market may hit day's low before mid day and the rise

 

Buy 25 lots of  4300 call options at ( 10 at Rs 75, 10 at 70 and 5 at 65) -days lowest so far is Rs 79

 

In the final hour volatility is possible