BANKNIFTY TRADE PLAN(FUTURE + OPTION): 08 JUL 20 ONWARDS

8 Jul 2020

Trade Plan 08 Jul 20

Republishing after amending levels

Sell – 22726
Target 1 – 22259
Target 2 – 22004
Target 3 – 21748
Target 4 – 21385
Strict stop above 21736



Option 1
Sell 23500*2 PE 619.40
Buy 23000 PE 857.7
Net credit 381.1
Max Profit 22028
Max Loss UNLIMITED
Break Even 24381
Margin Required 1.15L approx.
POP 73%
ROI 21%

FOLLOW UP TRADE PLAN

Be Proactive Trader

Better Insight, Better Trade Execution

Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.

"Always Respect Risk"

Happy Trading
Jai Hind
Dhiraj Singh Bais
Warrior @ Battle field

8 Jul 2020

Catatan

Sorry ....Amend to read the PE as CE with cross checking the options price mentioned against each strick price...

13 Jul 2020

Catatan

Target 2 of 22004 hit

Option strategy is also going as per plan

14 Jul 2020

Catatan

All targets hit

21 Jul 2020

Catatan

Option 1
Sell 23500*2 CE 619.40
Buy 23000 CE 857.7
Net credit 381.1
Max Profit 22028
Max Loss UNLIMITED
Break Even 24381
Margin Required 1.15L approx.
POP 73%
ROI 21%

Current standing with profit of +8925 (ROI till date on option position +7.76%)

HOLD TILL EXPIRY

23 Jul 2020

Catatan

Option 1
Sell 23500*2 CE 619.40
Buy 23000 CE 857.7
Net credit 381.1
Max Profit 22028
Max Loss UNLIMITED
Break Even 24381
Margin Required 1.15L approx.
POP 73%
ROI 21%

Current standing with profit of +9370(ROI +8.14%)
conservative traders can book

HOLD TILL EXPIRY

23 Jul 2020

Catatan

Aggressive traders can hold till expiry