Nifty: Trading strategy for March expiry
Updated
Nifty has taken resistance today at 61.8% retracement level
Going forward important support and resistance level for Nifty
Resistance: 17320 / 17440 / 17620 / 17735
Support: 17051 / 16960 / 16820 / 16705
Suggested trading strategy
Given the set up,
One may consider selling Nifty 31 Mar expiry 17700 Call option and 16700 Put option simultaneously.
This Short Strangle Strategy has 11% yield potential till 31 Mar expiry
Importantly, the strategy has Loss protection for a fall up to 16473 on the downside and on the upside for a rise up to 17927
Take care & safe trading....!!!
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
Going forward important support and resistance level for Nifty
Resistance: 17320 / 17440 / 17620 / 17735
Support: 17051 / 16960 / 16820 / 16705
Suggested trading strategy
Given the set up,
One may consider selling Nifty 31 Mar expiry 17700 Call option and 16700 Put option simultaneously.
This Short Strangle Strategy has 11% yield potential till 31 Mar expiry
Importantly, the strategy has Loss protection for a fall up to 16473 on the downside and on the upside for a rise up to 17927
Take care & safe trading....!!!
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
Note
Nifty resistance given 17320 / 17440
Yesterday close 17315 and today's high so far 17442
Strategy update
Net receivables when initiated: 227 Points
CMP= 82 + 82 = 164
Net (227-164) = 63 points per strategy lot in profit so far...
Note
Strategy update
Net receivables when trade was initiated: 227 Points
CMP= 33 + 42 = 164
Net (227-75) = 152 points (Rs 7600 per lot) per strategy lot in profit so far...
Enjoy and happy trading...!!! 🙏🙂
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Disclaimer
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