Nifty call option premium also eroded appr...100 points...
Selling option...with logic...always generates good money....with limited risk....subject to knowledge and chart setups....
Otherwise, selling option is a dangerous game, without having knowledge, if you try to sell options..
Learn and educate yourself...
Bank Nifty 35200 call sell initiated at 535 level and fallen to 126 and closed at 151... (Panel color shifted to sell... same time, all other setups confirmed....sell "Call Option")..
Almost 400 points premium eroded...
However, check put options...just moved 17 points from Monday...
Effective premium eroded 385 points...appr...
Need logic to encash the premium....
My dear friend.... why so hurry ?
You entered with logic.... after touched the bottom.....on reversal, you entered....
But, if, you have waited for another 5 minutes with trailing s/l..... it has moved above 200+
Anyway, good entry and interpretation.....
You have to kill the fear now...
Good analysis....
Keep learning...
Reliance support is visible near 2051....
If breaks closes below daily basis...then, next target is 1936....
Check Call option 2160 for reversal.... as such bottom visible near 18,,, Reversal point...
Before entry... please check with me...
Cheers...
Premium erosion is going on.....
Perfect move as expected....
Once premium eroded near to 100 points...then we have to check the setup for option one side move..
Till such time.... best way, selling option and swallow the premium...
Definitely...we will get a doubling opportunity for sure....before Thursday....
Exited at 63.40
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Revised target from 62 to 56....
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Keeping target 62....
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1 lot July 16000 call option sold @ 159.30....
1 lot July 16200 call option sold @ 96....
Revised target from 62 to 56....
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Keeping target 62....
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1 lot July 16000 call option sold @ 159.30....
1 lot July 16200 call option sold @ 96....
Keeping target 62....
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1 lot July 16000 call option sold @ 159.30....
1 lot July 16200 call option sold @ 96....
Booked profit at 140.30....
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1 lot 16000 call @ 159.30....
Keeping target 149.20
No range......will wait for option setup to enter into trade...
"Your first failure starts, when you try to prove yourself to the society"
