One can look for fresh short positions in the following
1 LOT FEB PE 4700 @ 70-80
2 LOT FEB PE 4600 @ 45-55 & ANOTHER 2 LOT FEB PE 4600 @ 60-70
If willing to take RISK also look out for :
1 LOT FEB PE 4800 @ 110-125 & 1 LOT FEB PE 4900 @ 180-225
SL : Spot NIFTY CLOSING BELOW 4650
Check out Todays EOD Option premimum rates :
PE 4700 @ 23
PE 4600 @ 11.75
PE 4800 @ 44
FEB PE 4900 @ 81
Calculate ur PROFITS. My critics had be laughing when we were taking short positions in PUT when MOST OF all the strategist,analyst & payed service providers where looking out for 4300-4400 levels......... The more u listen to these STUPID FELLOWS who have never made money but NOW they have turned TIPS PROVIDERS / EXPERTS ...! THE MORE U WILL BE CONFUSED
Now ur fresh STRATEGY :
With the view of the Budget the market can be volatile & unpredictable ..... therefore a swing of 10 % either side may not be ruled out. BRING HOME UR PROFITS
Exit the above mentioned positions slowly as soon as Nifty crosses 4900 (all).
Happy Trading
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