Sometimes SL hit and BankNIFTY will back. If hit 475 and goes upto 485-490 and again coming back below 475 then sell gain with 490 as SL.
If again hit then exit straddle and create new straddle with same procedure.
it will consolidate between 32000-32200 or 32100 to 32300 and u will get theta decay.
— Mitesh Patel (@Mitesh_Engr) May 15, 2021
This is for normal move. Sudden big move may come anytime. So keep SL in system.
If u r selling at 350-350 then keep SL in system 475 for both legs.
Practice it. No need to attend webinar.
More from Mitesh Patel
17% need workshop. 😂😀
This is my simple trading.
How many are believing only in simple trading system?
— Mitesh Patel (@Mitesh_Engr) April 3, 2021
This is my simple trading.
I don\u2019t have any magic.
— Mitesh Patel (@Mitesh_Engr) January 7, 2021
Next week I will prefer to sell put in between strike 30500-31000 as shown in pic. Will manage upto 31000.
If breaks 31000 as first down support then will exit put nearby 31000 strike and will sell
31500 call ( will act as resistance again )
Simple hai na pic.twitter.com/hPLIMq3tSe