svapnilchoksi

Nifty is getting ready for Up move

Long
svapnilchoksi Aktualisiert   
NSE:NIFTY   Nifty 50 Index
There a wide Supply / Demand Zone @ 18300-17950.
After Friday's weakness Nifty sustain above Friday's low. I am considering this sideways move as a time wise correction and expecting trending move above 18320.
I am not a intraday trader...I am a positional option seller. So my view is for next exp(12th Jan).
Trade ist aktiv:
Sold 18300 PE-12th Jan Exp @ 190
Trade wurde manuell geschlossen:
Exited @ 188...
Trade ist aktiv:
Took Revere Position-Sold 18100 CE 12th Jan @ 200
Kommentar:
Brake Down in 18100 Strike below 150 - CMP @ 145...Sl @ 200 now...
I will exit from this position if sl hit or if strong buying from Demand Zone @ 17800-17900.
Kommentar:
Trade wurde manuell geschlossen:
Booked 18100 @ 160
Trade ist aktiv:
Sold 18100 CE 12th Jan @ 130...My SL is 180
Kommentar:
Still 18300-17935 is a choppy zone. Below 17935 there is a demand zone @ 17800-17900. Below 17800 there is a free fall to 17400-17450 and 16500-17000.
Opposite side it will be bullish above 18300...
Something big going to happen on either side...very soon...
Down is trading sideways from last 12 days....
I am confused thats y I bated on option price not on the spot price.

Kommentar:
LTP @ 18020 --- Expecting one way fall .... 10 17800-17930
Bought 18000 12th Jan Exp Put @ 110 my SL is 95
Kommentar:
Bingo...Put Option @ 135...Expecting target of 180-210
Kommentar:
Position: 18100 CE Short 12th jan...CMP @ 85... (FIRST SOLD @ 200 - BOOKED @ 160 THEN SOLD @ 130 - CURRENTLY HOLDING)
Now I will not follow the mentioned Stop Loss...I will observe the price action in the 17800-17900 Demand Zone..If Strong Buying will Come from the Demand Zone(I am less confident) then I will square off my position otherwise I will wait till 0.
Kommentar:
I will updated in my latest post if i will get time...Thank x

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