iCharts Discussions

[mikky]

Nope... but this month trading in options are safer than Future...

[mikky]

UPDATE ON OPTIONS

****************************************************************
SELL BANK NIFTY APRIL 13000 CALL (203.15) and 11200 PUT (21)
PROFIT/LOSS = 206-253.50(-1187.5)
****************************************************************
BUY NIFTY APRIL 6300 PUT AVG PRICE 32.50 (39.50 + 25.50)
PROFIT/LOSS = 32.5-6(-1325)
****************************************************************SELL NIFTY APRIL 6800 CALL (8
PROFIT/LOSS = 76-88(-600)

[mikky]

NIFTY closed above 6750. This is sign of strong bull move. This is the 10th straight session where NIFTY closed in green.

BANK NIFTY moved up and right now in trading range between 12500-12750.

CNX IT moved up after making double bottom and it will continue to move up.

NIFTY trend is UP.

[mikky]

SELL TCS 2200 PE @78.50 TGT 70-60-50

[mikky]

UPDATE ON OPTIONS

**************************************************************
SELL BANK NIFTY APRIL 13000 CALL (166) and 11200 PUT (13.6)
PROFIT/LOSS = 206-179.60(660)
**************************************************************
BUY NIFTY APRIL 6300 PUT AVG PRICE 32.50 (39.50 + 25.50) (CMP 6.80 )
PROFIT/LOSS = 32.5-6.8(-1285)
**************************************************************
SELL NIFTY APRIL 6800 CALL (76) (CMP 74)
PROFIT/LOSS = 76-74(100) Made Low of 59.35 - Booked some profit when First Target 60 met
**************************************************************
SELL TCS APRIL 2000 PUT (78.5) (CMP 72)
PROFIT/LOSS = 78.5-72(812.50)

[mikky]

NIFTY halt its last 10 runs on life time high. Today NIFTY started correction and it should continue till 6695-6645-6604-6564. This will give strength to up move.

As mentioned BANK NIFTY facing resistance @12750, it will remain in trading range till it is above 12250. Look for opportunity to BUY banks near 12250.

Look for opportunity to BUY in IT stock as IT stocks bottoming out.

NIFTY trend is UP and intact.

[mikky]

SELL TCS 2200 PE near TGT2 --- BOOK some Profit @63 yesterday SOLD @78.50

[mikky]

SELL DRL 2700 CE @62 TGT 50-35-20 SL 85

[mikky]

SELL TCS 2200 PE MODIFY STOP LOSS as 72

[mikky]

SELL NIFTY APRIL 6800 CALL Book some profit if not booked booked @60
TGT 1 done again

MODIFY STOP LOSS to 73

[mikky]

SELL DRL 2700 CE --- TGT1 done made low of 50

[mikky]

SELL NIFTY 6500 CE ---- BOOK FULL PROFIT @61.00

--- CALL CLOSED

[mikky]

SELL BANK NIFTY APRIL 13000 CALL and 11200 PUT

BOOK Some PROFIT TGT1 done Current Combined PREMIUM is 147

MODIFY STOP LOSS to 190

[mikky]

UPDATE ON OPTIONS

**************************************************************

SELL BANK NIFTY APRIL 13000 CALL (143.20) and 11200 PUT (9.75)
PROFIT/LOSS = 206-152.95(1326.25)
Booked Partial Profit @ 147 i.e. 1475

**************************************************************

BUY NIFTY APRIL 6300 PUT AVG PRICE 32.50 (39.50 + 25.50) (CMP 6.80 )
PROFIT/LOSS = 32.5-4.35(-1407.50)

**************************************************************
SELL NIFTY APRIL 6800 CALL (76) (CMP 53.20)
PROFIT/LOSS = 76-61(750) --- CALL CLOSED

**************************************************************
SELL TCS APRIL 2000 PUT (78.5)
PROFIT/LOSS = 78.5-63(1937.50) --- CALL CLOSED

**************************************************************
SELL Dr REDDY LAB APRIL 2700 CALL (50.20)
PROFIT/LOSS = 62-50.20(1475) --- Partial Profit Booked @50

[mikky]

NIFTY halt its up move and as expected reached exactly 23% retrenchment . Now next target on the downside would be 6645-6604-6564.

NIFTY is in trading range of 12500-12800, if it breaks next string support is 12250. Look for opportunity to BUY banks near 12250.

CNX IT has strong upport @9200, BUY in IT stock for long term as IT stocks bottoming out.

NIFTY trend is UP and intact.