Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -
Jamit, it's better not to be biased. If Nifty breaks 5920 and 5970 the trades on longer side will be profitable. 5700 for all you know might become the base and ideal for option writers. The pair I wrote 5700-6000 is already in 11 points profit.
Better trade for buying based on levels would be 5800pe when Nifty touches 5900 for a stop loss of 5920, provided 5800pe does not form base
Logic and Trade.
Both sides appear to have shown their limits. 6000 - 5600 is expected to be the range for the month.
Currently, smaller TF Trend seems to be up. So if price reaches near 6000, then I shall purchase OTM PEs not further than 5700. This will give me an RR of 1:3 hence making the trade comfortable.
Both sides appear to have shown their limits. 6000 - 5600 is expected to be the range for the month.
Currently, smaller TF Trend seems to be up. So if price reaches near 6000, then I shall purchase OTM PEs not further than 5700. This will give me an RR of 1:3 hence making the trade comfortable.
Better trade for buying based on levels would be 5800pe when Nifty touches 5900 for a stop loss of 5920, provided 5800pe does not form base