Index trading with CA Nitin Murarka (SMC)
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SEBI Registered Research Analyst, employed with SMC Global Securities Ltd.
SMC-RA-SEBI Registration No: INH100001849
NISM Registration No: NISM-201500034084


YouTube:- https://youtube.com/@nitinmurarkanifty
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⚠️ Caution Ahead
With the RBI event now behind us, further selling pressure may emerge toward today’s close and possibly continue tomorrow.
For now, avoid aggressive bullish trades and stay cautious until the market shows a clear reversal or stronger positive data.
DATA REMAINS - WEAK -caution and avoid calls focus on puts- we will target puts again near Vwap on bounce
ENTRY IN PUTS near vwap lets wait keep 22400 puts in front
BUY AGAIN 22400 STRIKE PUTS @ 65-70 SL 45 TARGET 110
keep some bids @ 85-90 range - 50% entry @ 71 cmp 80++
hold 50% for target 110- book only 50% 85-90 Trail sl @ 55 now entry @ 71 for 22400 strike puts cmp 85++
📊 7 OCT - RBI policy day

We gave a BUY in 22400 PE. Most members entered around ₹71–72, and the premium moved to ₹90++ amid higher volatility today. How did you manage this trade?
Anonymous Poll
19%
Booked full profit near ₹85-90++
15%
Booked partial profit & trailed the rest
69%
Missed the Trade - not taken
Lest wait for the 3rd entry in puts near vwap only
keep 22400 puts in watch list
vwap levels futures 22680 cmp futures 22630 may get or may not
keep trading puts and avoid calls with negative data
KEEP 22400 AND 22300 PUT ON WATCHLIST
BUY AGAIN 22400 STRIKE PUTS @ 50-57 SL 40 TARGET 90
pcr - negative entry @ vwap
Keep bids @ 75 and 85 for 22400 puts entry @ 56 cmp 62