at 01:11 PM - Jun 14, 2016
sell 8000 strike nifty put......cmp 69.25
so this experiment was successful.....after backtesting 3 or 4 more times shall polish this strategy.....highly effective in Indian market
it may or maynot go up further....not bothered
nifty future....8150.....no more bullish
cmp 52.5.....booking rest 3 lots....
booking one lot just for the feel of it....cmp 64.8
entering profit zone....65.2
reaffirming my view....this market does not look like going down
now 72....does it look like a market to short?
cmp 82.....doesnot seem to have worked
ideally supposed to write out of the money options....
target looks like 43
sl is well defined ...near to 5000 rupees
this is more of an experimental call in order to slowly enter the art of option selling
maximum 300 qty only......keep sl 85
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