Wednesday, 24 February 2016
STM - 8th Entry...!
Dear Friends, Good morning
NIFTY is trying to break out the major support 7040 - if it happens, again we will have a free fall...!
As we have the expiry tomorrow - there can be a big , big surprising move .... !
I would like not to disturb the 7th Entry - CALL option for a while...!
The amount Sold on PUT option - is kept as it is...!
But going to utilise the Reserved amount of 20% - that is Rs. 2525.00 ( The amount of per unit price) - with a risk of current month combo CALL Option 7100 & PUT option 7000 --- with the combined price of Rs. 35.00.....!
NIFTY at the position @ 7055
Let us call it as " 8th Entry .... " - This is only to utilise the big move.....as signals are indicating...!
In case of any flat movement -even for few hours - Premium of both sides will get wiped off... So, we need to act very smartly....!
If you are taking this position - keep a very close eye on the combo...! Otherwise better to be idle for a day......!
So, Here we go...!
Let us hope for the best !
With kind regards,