Nifty: Chart set up & 27 Aug expiry strategy

Nifty
CMP 11481

- 11420 -11440 is an important support level

- 11540 -11560 is an important resistance

Given the set up

Strategy for 27 Aug expiry

Sell 27 Aug 11400 Put option around 26-30
&
Sell 11550 Call Option around 20

Max profit if Nifty closes any where between 11400 -11550

Loss in strategy if Nifty closes below 11354 or above 11596


Take care & safe trading...!!!

Comment:

Nifty closes @ 11559. That is in the 11540-11560 zone