at 09:19 AM - Jul 18, 2016
futures of Rcom...cmp 52
well my accepting mistakes may have to do with ageing perhaps 40+ which brings a sort of maturity
Ronn brother I too love your command of the English language; moreover your trading passion ....thanks for those good words dear
I like your posts very much. You are frank and accept mistakes (unlike many others). Well, the only people who don't make mistakes are those who don't do anything!
actually my churning from futures to put was not a smart move... it was a foolish move...a loss of 26000 rupees due to the churning..
enough...book ....cmp 49
nifty put still at 31.3
cmp 50.65......getting more and more convinced that Rcom is falling by its own merit and not due to nifty
thanks friends Ajay and Ambrish
now why I did this is that options move very little in the beginning and it doesnot go uup proportionately....since now I have booked my profits I am safe....let that 21000 go ...dont mind
but I donor recommend anyone doing this....
Rcom 4g for pre paid is not working, Rcom big flop show ,
you have to recharge agsain and again no 10 GB data
since I had two lots of rcom futures...profit comes to around 21000 ...
I book and shift to 45 strike puts with the profit of 21000....
7 lot buy @ 0.3...done
in case there is a steaming downside in nifty go for the puts in a phased manner with trailing sl
the range could be smaller too ...28 to 37
even though nifty is not the subject here....
most probably nifty puts could do a ring fencing......
for example 8400 puts...cmp 30.5 could play in the range of 29 to 43 in the broad range which percentagewise is not appealing
Fall not convinced Yet.Sher do kadm peeche means Chaar Kadam Aage Kudhega....???
about a fall in nifty I am not yet convinced.....!!
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