I am utilising the Back up amount , to utilise it for a fresh position...!
Let us account it as 12th Entry...! I am entering it on APRIL 7600 PUT....!
Don't assume that - market is going for correction mode, as we have entered on PUT option for 12th entry...! Be informed - It is for NEXT month expiry...!
On our 11th Entry - I may close the CALL option , today - if it comes less than 87...! I am making this stop loss & will increase the stop loss @ 10 to 12 % of day's high...!
As, it has touched 100 so far - I am keeping at 87...! Now it is at 94 - when we are entering APR 7600 PUT option @ 115...!
If it goes to 130 - I will make some where around 115 and so on...!
& Wait for the PUT option - for a while (or) we can enter again CALL option at less price, sooner...!
Factors which lead for closing
(1) Current month CALL option...!
(2) Though signals are giving positive - let it go as much as possible... with 10% stop loss..!
(3) Entering PUT option will lead to an equal balancing...!
(4) If I close the CALL option for any price, I may close APRIL 7600 PUT option also, based on the signals....!
Without, any panicking - it can be kept as it is...! There is nothing wrong..! I leave it to your choice if you are holding any positions...!
MARKET is - only 3 days trading for this week...! Thursday and Friday are holidays...!
Here we go for the 12th Entry of STM...!
With kind regards,