Nifty: Chart view & important levels for 04 June expiry
Updated
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...!!!
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...!!!
Trade active
Nifty 9908One may consider selling Nifty 10000 Call option currently at 58
Note
Nifty 10093Nifty 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.
Trade active
Prima facie Nifty closing looks likely to be between 10100 - 9980Strategy 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/-
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