r/IndiaOptionsSelling

Guys what do you predict NIFTY going to look like today after hitting 18 month low yesterday

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Another ugly day for NIFTY. It continued lower and breached an important support level.

I adjusted the CE side today as the market moved further down. The position is currently around -₹1.4k MTM, with about ₹1.6L capital being used for the IC.

One thing I want to clarify for the journal: today I also took some speculative trades in the same account and made around ₹13k from them. I normally take these bets in another account, but this time they were done here. So when I calculate the October journal P&L, I’ll remove those trades completely. I only want the IC performance reflected in this journal.

For the IC itself, I'm still keeping the position small because the market is uncertain. There’s a possibility we see some relief next week, which could give me a better exit opportunity.

For now, no need to force anything. Manage the position, follow the rules and let the market come to us.

Let's see what next week brings. 👀