NIFTY INTRADAY CHART
As written in today's outlook (link), I was looking to short nifty future.
The bright oppurtunity presented itself in the afternoon when nifty broke the bearish pattern.
At this time 5000PE was available for 116 rs.
Later when nifty future moved to fibonacci retracement level of 4955, the put matured to 162 rs.
A 40% return on investment.
Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss
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