NIFTY Trend resumption
For tomorrow and possibly Friday my Bias is positive.
1. I closed my trade of 15500/15600 CE Credit Spread at minor profit. It was against the major trend so got out early at the target.
I entered the same on signal of 8th Consecutive higher high. It worked and created a lower low. 13.85 points in 2 days.
2. Then at 13470, I entered two trades
June 3 Expiry : I sold 15500/15450 PE Spread at 20.75 Rs. Target is 15600+ or expiry.
June 10 Expiry : I sold 15500/15400 PE Spread at 41.8. Stop Loss 1535
Both there trades turned out to be perfect ones towards the close. This does not happen often. But happy it worked out so far.
1. I closed my trade of 15500/15600 CE Credit Spread at minor profit. It was against the major trend so got out early at the target.
I entered the same on signal of 8th Consecutive higher high. It worked and created a lower low. 13.85 points in 2 days.
2. Then at 13470, I entered two trades
June 3 Expiry : I sold 15500/15450 PE Spread at 20.75 Rs. Target is 15600+ or expiry.
June 10 Expiry : I sold 15500/15400 PE Spread at 41.8. Stop Loss 1535
Both there trades turned out to be perfect ones towards the close. This does not happen often. But happy it worked out so far.
Dagangan ditutup: sasaran tercapai:
Both trades closed in profit