Book full  profit nifty fut short at cmp 4836.

Place SL for Nifty fut at 4855

Conservative traers exit nifty short at 4852 others keep sl at 4870

Short Nifty fut at CMP 4873 SL abv 4912

LT trailing SL triggered. No open position

Move SL for LT at 1185

Exit LT partially at  1182 Cmp

Move SL fot LT to 1190

Place Sl fot LT @ 1195. Conservative traders can exit.

I think SL of JSW steel is triggered. Now Short LT 66 shares at CMP 1195.5 sl 1215.00

I prefer to keep trailing stop loss to book the profit. If you are looking for a profit of Rs.'X' and if that is achieved you can exit the position.Trade as per your targets and objectives.

Place SL for JSW steel at 626

JSW Steel facing resistance at Rs.630 once it breaks 630 it can reach up to 640 which is the expected tgt

Jsw Steel CMP 626

Intraday: Buy JSW Steel 133 shares Sl blw 615.00.

Put Back Spread

Yesterday We had recommended to buy 2 lots Nifty OTM put and sell 1 lot ITM put. Here is the pay off chart.

This strategy is a bearish strategy. Lower side break even is around 4671 and if Nifty expires above 4920 maximum loss is 29 points. However if market starts sliding further down we will be earning good amount of profit. If Nifty expires around then we will incur maximum loss of 126 points.

This strategy is recommended because if we buy put option any surprise in the market can erode the capital. However if more bad news flows into market (like rupee depreciation) we may witness further fall.