Last 10 days I took 5-8 FNO trades based on Technical Pattern and candlesticks pattern, Here you will get all details about all trades
- Ashok Leyland: 90 Put bought at .75 Paisa for the target of 2.5 – 4Rs.
Earlier in December also Ashok was the Bearish candidate, but that time it didn’t move much, but here on last week of December, I got proper Breakdown from Descending Triangle, so on that basis, I took ASHOK 90 JAN PUT. ( Before scrolling down, please note that I want this to repeat for 3 months because Breakdown was heavy so any time it can show you price near to 90. Call updated on my FNO Telegram Channel
Now on 8th January First Target achieved
Before judging the call, below things you have to know.
1. In Dec month same strike price put I bought at Rs1 and ended up with Loss of 4k, so this is a whole 2-3 expiry game. In any expiry, it can show you a good return.
2. Square off at Rs 2.5, because now Ashok will take the support of 92-95, so it will eat premium, Will check again in February.
3. After losing 4k in Dec, Minted 7k in Jan. ( With one lot only).
- Bank of Baroda Future sold at 121.50 for a target of 117 stop loss of 125.
In the market, there are two types of Traders, Safe traders and risk taker. so for the safe trader, they will need to book profit early because this call is for holding period of 4-6 days and on Intraday basis, we got 10k profit, so safe trader need to book this profit.
- PVR Sell Jan Future at 1535, Stop loss at 1610 ( on daily closing Basis), Target 1450.
In PVR Safe traders booked Profit of Rs 8000, but Next day it bounced back and Risky traders Booked loss of 28K.
All these things like how to check for safe target and how to check for risky trades, you can learn easily from my technical Classes. Click here to learn more about Technical Analysis class
- Sell Bank of India Jan Future at Rs 108.50 stop loss 110.90 for a target of 103.50
In BOI Both targets achieved, safe traders, booked 8k profit and risky traders booked 21k profit.
- Sell Ujjivan Finance Jan Future at 284, stop-loss 290 for a target of 277.
Ujjivan didn’t even come down to safe trade target, so after 5 days we Booked loss of 16k.
- Sell Divis Lab Jan Future at 1470, stop-loss 1495, target 1445.
Divis Lab FNO trade didn’t even come down to safe trade target, so after 4 days we Booked loss of 12K.
- Buy Icici Prudential Equity share at Rs 335 for a target of 355. Stop loss of 315.
This formation is perfect because of many reasons, that’s why I took this trade and within 2 days it gave us Profit of 6%. This call was posted on a Stock channel that’s why there is no FNO trade in this.
For Stock, channel click here to join
And Due to Result session, I Took 2 trade of selling options and both hit First Targets.
1. Due to Pattern Break down 1 Hour chart of both Tata elxsi and TCS.
2. Heavy volume breakdown
3. All condition matching with Breakdown
4. Whenever large cap show this kind of move then it will remain in some range for some time and in this case we can easily eat some premium.
5. Due to IV crush in options, more selling pressure will be there.
( Selling pressure will always be heavy in options as compare to buying).
Option selling is different thing, before that you have to sure about the trend of stock, then you have to check OI ( Open interest) and focus more in Heavy OI based calls and puts, specailly in case of result sessions.
In Tata Elxsi Traders Booked Profit of Rs 4000.
In TCS Traders Booked Profit of Rs 3200.
One more trade I took in Tata motors options, in that booked loss of Rs 2500, Because as per futures target was heavy, so decided to took trade in option selling, after selling at 2.30 it came down to 1.70, but then bounced to hit our stop loss.
Stop loss is must in all Trades, Hedge your future position if you are carrying it for next day.