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Trade Setups

Theta 16th November

By November 16, 2017April 9th, 2018No Comments

Bank Nifty Options

Refer: Blue candle shows the day of November 13, 2017. The red arrow shows the day of the expiry i.e. November 16, 2017.

25750 is a resistance. 13th November was a gap up but when it breached the close of last day and started falling we sold –

Bank Nifty Options

Sell 25700 CE at 75.65

Refer: https://unofficed.slackarchive.io/dr_theta/page-31
No other positions as the consolidation are scary and indicate a big move but it doesn’t tell the direction of the big move. So let’s keep the move for a hedge. Although 25800 CE was safer.

Expiry was calm. No MIS positions (intraday) were taken as my illness was at its peak.

Net Profit/Loss
= 75.65
= 75.65 points ~ 75.65*40
= 3026 INR.

Net capital deployed = 130000 INR.

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