Saturday, September 29, 2012

Got long Positions in Nifty Options for OCT 1 2012

Got long Positions in Nifty Options  for OCT 1 2012
Doing Trading in Nifty options is tricky business
Still got two long call 5500 options of Nifty on 27 September 2012 in closing moments
Yesterday got out out of them in profit
Did some failed trades
In the dying moments of market trading near 3.25 bought them back.
Total profit for Day Rs 172 (Down from 2500 if those position were held without touching  )

So now long With  Nifty 5500 Call with 2 lots @246
Profit Target : Not defined
Stop Loss: Trading for some time below 5672
This Stop loss will get updated every day
 Net position mark to market loss: Rs 100 as call closed at 244

Happy Investing


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