Trade Log NIFTY April 27

27 באפר׳ 2020

NIFTY opened gap up today. But it could not keep above last high of 9340 for the day. So this is still consolidation range. Till it breaks out this range [9400 - 9100], it may be safe to hold these positions. Now, because of sold puts, I have high risk of gap down opening. But from price action for last few days, I'm carrying these positions.

As discussed in weekly view ,I'll look to exit these position when there is possibility of a trending move.