Nifty: Chart view & important levels for 04 June expiry

Jun 2, 2020

Nifty
Closing price 9826


For 02-June
Important resistance 9860-9880 / 9920 / 9990 / 10058
Important support 9780-9766 / 9733 / 9705 / 9682

Range for 04 June 2020 expiry
Upper range likely capped at 10058 till 04 June 2020
On the lower side 9682-9705 may likely act as support.



Take care & safe trading...!!!

Jun 2, 2020

Trade active

Nifty 9908

One may consider selling Nifty 10000 Call option currently at 58

Jun 3, 2020

Note

Nifty 10093

Nifty 10000 Call option 125

We have sold 2 lots of Nifty 10200 Call option (cmp 36) for every 1 lot of Nifty 10000 Call option.

Jun 4, 2020

Trade active

Prima facie Nifty closing looks likely to be between 10100 - 9980

Strategy update
Niffty 10000 Call option cmp 78 (sold @ 58) [Loss of 20 points]

Nifty 10200 Call option cmp 4 (sold 2 lots @ 36) [ Profit of 32+32= 64 points]

Net ( 64-20) * 75 = Rs 3300/-