*** See the effectiveness of weekly levels of last week DEC 27-31 *** See chart ********
Action Strike price 27 JAN Expiry
Sell 18000 CE 66.3
Buy 18200 CE 29.8
Sell 16800 PE 96.85
Buy 16600 PE 67.85
Reasoning : NIFTY to stay between 18000 to 16600
Max profit is Rs 3120 ie 7.8% for Rs 40000 Investment . Increase lot size based on your risk appetite.
Exit if NIFTY goes above 18030 or below 16600 by keeping an alert from broker
You can execute this on Jan 3 and the premium may vary a bit hence profit as well. This is monthly income strategy and low risk strategy(not a zero loss strategy).
I am not a SEBI registered advisor and trade based on your own investment adviser
past history :
DEC Month : 6.825 %
November month : 4.53%
Action Strike price 27 JAN Expiry
Sell 18000 CE 66.3
Buy 18200 CE 29.8
Sell 16800 PE 96.85
Buy 16600 PE 67.85
Reasoning : NIFTY to stay between 18000 to 16600
Max profit is Rs 3120 ie 7.8% for Rs 40000 Investment . Increase lot size based on your risk appetite.
Exit if NIFTY goes above 18030 or below 16600 by keeping an alert from broker
You can execute this on Jan 3 and the premium may vary a bit hence profit as well. This is monthly income strategy and low risk strategy(not a zero loss strategy).
I am not a SEBI registered advisor and trade based on your own investment adviser
past history :
DEC Month : 6.825 %
November month : 4.53%
Trade closed: target reached:
Jan Month : 7.69 % Return achieved. Nifty Jan closed at 17185 ( between 18000-16600) as predicted
