Nifty
Will Nifty take support at previous top levels. Pattern gets invalidates if Nifty closes below gap support zone of 15580 on a weekly closing basis.
Trading strategy for the given set up
One may consider selling Nifty 29 July expiry
15600 Put option
around 200-220
Lot size: 50
(Yes, you have read it correctly... Nifty lot size is changing from next month)
The strategy provides a max profit potential of Rs 10000 - Rs 11000/- per lot and has an approximate 11-12% yield potential till 29 July.
More importantly it also provides risk protection for a fall in Nifty price up to 15400-15380 till 29 July expiry giving enough space to adjust / exit if Nifty movement is otherwise
Take care & safe trading...!!!
Like, Follow for more such ideas...!!! 👍🙂
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
Will Nifty take support at previous top levels. Pattern gets invalidates if Nifty closes below gap support zone of 15580 on a weekly closing basis.
Trading strategy for the given set up
One may consider selling Nifty 29 July expiry
15600 Put option
around 200-220
Lot size: 50
(Yes, you have read it correctly... Nifty lot size is changing from next month)
The strategy provides a max profit potential of Rs 10000 - Rs 11000/- per lot and has an approximate 11-12% yield potential till 29 July.
More importantly it also provides risk protection for a fall in Nifty price up to 15400-15380 till 29 July expiry giving enough space to adjust / exit if Nifty movement is otherwise
Take care & safe trading...!!!
Like, Follow for more such ideas...!!! 👍🙂
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
Trade active:
Nifty 15600 Put option gave ample opportunity to be sold above 240 levels ( Open and high of 268.10) providing good risk::reward ratio
Nifty 15600 Put option gave ample opportunity to be sold above 240 levels ( Open and high of 268.10) providing good risk::reward ratio
Trade active:
On a closing basis Nifty managed to close above the red dash line at 15633 odd levels
Strategy update
Nifty 15600 Put Option
Sold @ 245
CMP 165
Profit of 80 points so far per lot
Happy trading...!!!
On a closing basis Nifty managed to close above the red dash line at 15633 odd levels
Strategy update
Nifty 15600 Put Option
Sold @ 245
CMP 165
Profit of 80 points so far per lot
Happy trading...!!!
