Dear sir.
Thanks for your guidance .....now book profit is better....hence put price down allmost 30% from buy price....its better to exit it when it down 20% from buying and hold nf position with trailing s/l of 10 points....
Thanks for your guidance .....now book profit is better....hence put price down allmost 30% from buy price....its better to exit it when it down 20% from buying and hold nf position with trailing s/l of 10 points....
See you can hold Nifty with 10 pts trailing SL and square off the put as its already 30% down. But remember not to carry naked Nifty next day.
If you plan to carry Nifty long Next day then buy another near money put, which is currenly 5600 put.
As Nifty moves ahead and put depreciates we come out of put and move on to next near money put in case we decide to hold Nifty long.
Logic is by EOD you should have the pair.
Regards