
TRADER VIVEK BHARNUKE
February 6, 2025 at 03:45 AM
Plan: Monthly Bullish Straddle
• Our target is 24,000.
• We will trail our stop-loss (SL)—if the price closes below 23,600 on a 15-minute chart, we will exit the position. Otherwise, we will continue to hold.
• Even if the market remains sideways, the strategy will still generate profit.
• Weekly options lack sufficient premium, and their behavior has been unpredictable lately. Hence, we are focusing on monthly options with patience.
• If our SL gets hit, we will look for potential trade setups around a fake breakout near the previous green candle’s low.
This is our current plan—let’s execute it with discipline!