indiamarketoutlook

Nifty: Trading the Budget week

NSE:NIFTY   Nifty 50 Index
Nifty
CMP 13855

Howz the Budget gonna be...???
Whether it would be good or bad...

The answer is I don't know...

Looking at charts

Important levels on the lower side 13660 levels / 13220 levels
Important levels on the upside 14120-14220 zone / 14357 levels

Based on the above levels

Strategy I'm following...

Selling 14300 Call Option around 69
Selling 13200 Put option around 47

Net premium receivables 116 points

Loss in strategy if Nifty closes below 13084 or above 14416 on 05 February 2021

Max profit potential in strategy Rs 8700/- per strategy lot if Nifty closes any where between 13200-14300 levels on 05 Feb 2021

Take care & safe trading...!!!

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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
- The user expressly acknowledges that the Data may contain some nonconformities, defects, or errors.
- Neither Indiamarketoutlook nor the author shall be liable for any claim for any loss, or other damage arising from access to or use of data or information

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