sell a 4900 put if we trade above 4936-50 region.
Well i exited my 3 5000 put and take a losse of 2000 rs well what do you think now market will go what the ta suggest
Early morning i told you the pivot for the day was 4940.
If market trades above the pivot, only then short 4900 put. This would give u comfort to ride till 4966 and then 5030 without having to do anything....since it would be a debit spread, what ever you would lose in 5000 put would come back in 4900 put short...
But we started below the pivot... and never crossed it... Was there any reason to book losses in the put...?