I think the nifyt index will fall now. I has made profit of Rs. 8.30 today for 6 lots pair of Sell CE 5700 and Sell PE 5600 today. Now I has buy cover order PE 5600, so I has only 6 Lots of Sell CE 5700 with me and Rs. 8.30 is the stop lose amount becaus i make Rs. 8.30 profit for 6 lot pair so i use this amount for my direction posion which is bearish nifty index.
Seems like Traders are expecting Nifty to come down till 5620-25 to short and it didnt happen, traders expecting downturn of 100pts minimum due to recent run up..
I think the nifyt index will fall now. I has made profit of Rs. 8.30 today for 6 lots pair of Sell CE 5700 and Sell PE 5600 today. Now I has buy cover order PE 5600, so I has only 6 Lots of Sell CE 5700 with me and Rs. 8.30 is the stop lose amount becaus i make Rs. 8.30 profit for 6 lot pair so i use this amount for my direction posion which is bearish nifty index.