Time : 2.00 pm Market moved significantly over 7700. To hedge our short straddle, exited 7400 PE at 36 with 12 rupees profit Entered 7500 PE around 53. Total premium collected with current position is 350. Will review the condition if it goes over 8000 or goes below 7550. So
Time: 9:25 am Month chart is ultra bullish Week chart is standing up in the top Daily chart is trying to come up 4 Hour chart is bullish now Hence market is expected to be slightly bullish now, but will not move aggressively Hence keeping my Short Straddle position @ 7700.
Mother: Weekly Chart has reached top in all indicators Child: Daily Chart in Bearish Convergence Market is likely to be sluggish. I do not feel any aggressive upward move. Consolidation or correction is expected. Good for short straddle traders ADX is roaming around low values Market may come down further
Time : 9:30 am Executed the order as planned Exited 7400 PE at 46.05 Entered 8000 CE at 49.6 Current Position OPEN POSITIONS(4) Product Instrument Qty. Avg. price LTP P&L NRML NIFTY16APR7700CE NFO -75 147.1 181.55 -2583.75 NRML NIFTY16APR7700PE NFO -75 150.7 112.7 +2850 NRML NIFTY16APR8000CE NFO -75 49.6 52 -180 NRML NIFTY16APR7400PE NFO
Date: 28/03/2016 Time: 1:10 AM Mother: Weekly Chart in Bullish Convergence Child: Daily Chart in Bearish Divergence Current Status: Child is trying to deviate from Mother With SGX latest trading data in Nifty, I could see that Nifty has formed Bearish Divergence pattern in all the counters P-SAR is touching