Niftymetals: February 16, 2023

Thursday, February 16, 2023

It was a strange sequence change...

Normally sequence change pattern use to happen once, either put or call..

Today... sequence change happened two times, both the occasions, it was in PUT OPTION...

First sequence change encashed by Geetha.... second one not expected.... hence.... not entered..

That is great information today....

Learning is a continuous process....

Watching Finnifty 18400 Put Option ah ?

💜💜💜

Sold March month end call option 18500 at 118.60

Booked profit at 106.30...

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Keeping target 89.60

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Sold March month end 17700 put option @ 135.40 and holding...

Both side sequence changes setups are over before 1.30...

Now... my take is buy on dip...

Reference point is 28...

41800 call option... entered at 90.60 and booked at 132.40...

41900 put option entered at 128.45 and booked profit at 204.80...

Congrats 💜💜💜💜

Longs....

Wait for 1.30 sequence change...

Exited 18100 call option 75% at 51.60 and balance 25% keeping target 68.....with trailing s/l 38...

(First target 47 and second target 71)...

Congrats Geetha 💜💜💜💜

Keeping target 89.60

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Sold March month end 17700 put option @ 135.40 and holding...

Yesterday entered 18100 call option at 14.80 and booked profit at 47..

💜💜💜💜