I am not comfortable shorting the market now when it is so oversold. Technically a bounce will come. I have purchased all mini nifty calls 3 lots avg Rs. 30. Risk taken Rs. 1800. The market will be more volatile now since expiry week and options are safe to play.
Keep buying if it falls to 4790 ... it will definitely bounce back. I have started buying 4900 CE at 42 ... will keep buying if it falls to 30 , 20, 10 and averaging ... worst case I will be able to get out at breakeven...
Finally the day ends with EMA touching the Candle yet again in the manner it did just 2 days back.
Where does this leaves us with?
What should be the strategy?
Are you still holding the Options?
Where do you think will the expiry be?
I am not comfortable shorting the market now when it is so oversold. Technically a bounce will come. I have purchased all mini nifty calls 3 lots avg Rs. 30. Risk taken Rs. 1800. The market will be more volatile now since expiry week and options are safe to play.
Options are never safe to play until you know them very well....Option trading is very challenging & mathematical... so trade option only if you know it well