SM,
I am no one to argue with the markets. But I am heavily short on the Index with adequate protection. In the month of July, I had given Index target of 5470 based on some projections. I still feel that around these levels markets would be making an intermediate high. I dont see markets moving much beyond these levels.
Tc
Hi Raunak,
I have bought 5400CE @110 to protect my position in NF sold
@5445. Just want to understand how protection will work. I am planning to hold this position till Aug end. There may be two cases at the end of Aug.
1. Nifty @5200: I will be in profit as my lower breakeven will be
5335(5445-110)-5200=135point.
2. Nifty @5700 : I will be in loss. My call will be @300. Hence net gain in call will be 190point(300-110) but I will be loosing in NF 255 points(5700-5445). So my net loss will be 65 points(190-255)
Am I correct in my understanding?
My view is bearish on market. In this case should I put some stoploss if market starts moving upside?
Is there any point where I should reverse my trade?
OR should I add further lots for my barish view if market move up further?
Pls advice.