Profit

Booked 1.1L profit this,16th May 2024. 22300 PE.

• Following my analysis, I purchased 22,300 PE contracts at a strike price of 295, expiring on May 16th, 2024.
  • After entering the position, the market unexpectedly moved in the opposite direction the next day, attributed to profit booking.
  • However, I remained faithful to my analysis and opted to wait another day.
  • As time passed and the market trend shifted positively, my losses gradually transformed into gains.
  • Today’s profits mark one of the most lucrative outcomes in my trading history.
  • The Nifty index turned positive today, aligning with my target range.
  • Thanks to this development, I was able to secure substantial profits.