Nifty: At upper end of the range...
Nifty (CMP 14861)
Nifty 50 stock Quarterly Result Announcements to start next week...
- Since March 15, 2021 Nifty has been trading in the range of 14940-14460
- we see convergence of 20 day EMA and 50 day EMA
- currently Nifty at the higher end of the range
- target for the current set up - 13800-13600
- time frame: 28 May to 06 June 2021
Pattern gets invalidated if weekly closing is above 15100
Risk::Reward ratio favors short at current levels
Take care & safe trading...!!!
Our strategy update
Suggested selling Nifty 14900 Call option in the range of 54-64 yesterday
Currently the Call option is trading at 62 (in the sell range suggested yesterday making a high of 65 so far)
Disclaimer:
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Nifty 50 stock Quarterly Result Announcements to start next week...
- Since March 15, 2021 Nifty has been trading in the range of 14940-14460
- we see convergence of 20 day EMA and 50 day EMA
- currently Nifty at the higher end of the range
- target for the current set up - 13800-13600
- time frame: 28 May to 06 June 2021
Pattern gets invalidated if weekly closing is above 15100
Risk::Reward ratio favors short at current levels
Take care & safe trading...!!!
Our strategy update
Suggested selling Nifty 14900 Call option in the range of 54-64 yesterday
Currently the Call option is trading at 62 (in the sell range suggested yesterday making a high of 65 so far)
Disclaimer:
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.