Nifty spot levels for 08/28/2012.
Support 5328, Resistance 5359, 5365.
Trade accordingly. I think we can buy once nifty spot cross 5342.
Nifty levels given here always spot lvls.
1st day closed with 1400 profit on paper trading.
We trade with 4 lots every day. Today, First call was given almost 10pts but fallen from there so 2nd call adjusted to gain 10pts and closed it with fear with 7pts.
Nifty spot Support 5319, 5312 and Resistance at 5328,5332,5344,5351.
Buy 5300ce at support lvl 5300ce at 40.
Not a good trading day.
We did 3 calls today first call exited with 2rs profit and second call exited with 5rs loss and 3rd call exited with 3rs loss. Over all 6rs loss on 200qty.
Opening balance 1800- 1200(200*6)=600 closing balance.
Tomorow expiry day,we will have good up and downs in options we take risk of 2 lots and play the game.
1400(Prev day balance)-1200 (todays loss)= 200 is closing balance on investment of 20000 but I am doing paper trading with standard qty of 200.
Nifty spot support 5271, Resistance 5308, 5315.