A ROI of over 10% already achieved on this trade. Now depending upon risk appetite, one could book full profit anytime, or keep trailing SL.
I think the market still has some downside left this month. Just my view.For all the diehard Bulls, hope I am terribly wrong!
Either profit can be fully booked with almost Rs. 100 profit on the option buying price. Or trailing SL now to 747.
Book profit on half quantity at 747. Balance half trail SL to cost. Now it becomes a No Loss strategy, any which way!
See, option price not moving much as Banknifty approaching 43200. Only a conclusive breakout will spur it on!