NIFTY TRADE SETUP
The market recovers 100 points in the last hour. if the market opens gap up then 11120- 11090 will work as support.
tomorrow is expiry so we can expect a volatile market. on the dip, I sell the put option with 20-30 point stop loss.
on the upper side will sell calls will not carry naked position and will try to close call before 2:30.
if the market crosses and sustains below 11020. then I will sell in the money call.
The market recovers 100 points in the last hour. if the market opens gap up then 11120- 11090 will work as support.
tomorrow is expiry so we can expect a volatile market. on the dip, I sell the put option with 20-30 point stop loss.
on the upper side will sell calls will not carry naked position and will try to close call before 2:30.
if the market crosses and sustains below 11020. then I will sell in the money call.
Comment:
first trade has done...Sell 1100 CE @ 32 and book @ 26 ..now treding 22
Comment:
see how our all levels work. Enjoy trading.
PM meeting with RBI and NITI aayoge today and announce some relief package.
news base volatility might come today.
I have made good money in the last 3 days.
will trade with caution.
seel on rise ..will be my strategy.
10930and 10880 is important to zone to watch on the downside.