I gave a very clear message on the expiry move. Those went long after seeing nifty above 10775 must have doubled. Bank nifty levels were also perfect and it was a day of rain of profits to all the members.
December series have started with a positive note. But be cautious as the Volatility Index again has climbed up indicating high premiums on both CE and PE.
The trend could remain till the election results.
Recap of previous expiry option trade:
For my members I have worked out 10500-700 CEs with entry, SL and target on 15th of November and all the options more than doubled.
This month also already suggested entry level for CEs and PEs.
Remember for taking out profits from market, money is not important. Patience is the only key.
Happy Trading!!
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