NIFTY 50 future TRENDS

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Nifty TREND DOWNNNNN

Target -> 4888

Downtrend which started on 16th March is still intact. Also now we are not very near to the breakdown zone but we have broken it already. And hopefully this downtrend wud continue for some time :)
 
Well in India it seems only way to make money is by writing options. Earlier what i saw was that even when i used to be right on direction of market , my bought options didnt gave the required amount of money they should have given. So then i started writing options and the most amazing thing i noticed about writing options is that "IT is the only asset in this world that gives u money even when u r wrong" and the component which makes it possible is the none other than decay factor.
Just for example how many times have u seen NIFTY hanging around same price or say even increasing 1 or 2% and then also we witness 20-30% drop in options premiums.

Also many people out there say that it is risky, i just want to know from them what is not risky? Obviously if u want to earn more money u HAVE to leverage it more.

Like i will give u my practical trading account example: On 18th April i wrote 5300 CE options @around 86 , Now when Nifty is off not even 2% it is now trading@11 which is 1/8th of the value i wrote it.

If u guys want(or r interested) i cud think abt starting a new thread on WRITING options and it wont be another boring thread just abt theory, we will do live trading. And yes i need someone who will keep track of my results in that thread itself. Like what was %gain/loss on options i told to write. Any volunteers ?

Lets make it a fun guys..........
 
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