Rs.2,750 Loss booked in Ambuja Cement - Call & Put strategy activated on 4th Nov 2019.

Update on 7th Nov

Hello Friends, today 7th Nov i booked a loss of Rs.2750 in this trade. This trade did not move at all as per my plan and so i exited today.

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Hello Friends,
Today is Monday 4th Nov 2019.

Ambuja Cement 210CE & 195PE

Ambuja Cement is the first stock from this week's three stock recommendation i had taken position today.

Refer my weekly blog  where i have shared my three stock ideas to trade this week.

My trade position:
Ambuja Cement had given a close of 201.60 on friday 1st Nov.
28th Nov expiry series
Bought 210CE at Rs.4.70 and
Bought 195PE at Rs.3.65
My total buy cost in this option trade is
8.35 x 2500 (lot size) = Rs.20,875

Took position in Ambuja Cement during the closing mins of  market hours and got a decent option price for both.

Here are the stock charts in different time frames. 30 mins, daily and weekly chart for easy visual understanding.
You can click on the image to view in bigger size.

Ambuja 30 mins chart

Ambuja Cement Daily Chart

Ambuja Cement weekly chart

I expect volatility and momentum to work in favour of this trade to make a decent profit. will update the result very soon.

Update on 7th Nov

Hello Friends, today 7th Nov i booked a loss of Rs.2750 in this trade. This trade did not move at all as per my plan and so i exited today.