NIFTY TRADE SET UP
everyone is bearish on nifty but as we have seen market has been eating all the movement by giving gap up or gap down opening.
i will have a slightly different approach in the market.
1. if the market opens gap down I will sell the put option around 11260-11236 sl 11180 .and sell call option on reversal around 11305 - 11330.sl 11370.
2. if the market opens flat then have a simple strategy will sell call below 11305 and will sell put above 11460.
SGX nifty suggests the market will open the gap down. we have seen in the past after a huge gap down the market did not give momentum. so in that scenario, i will not trade for bigger profit instead i will prefer scalping. trade with half the quantity and sl will be very small.
till market sustain below 11505 my view will bearish , will sell on the rise
everyone is bearish on nifty but as we have seen market has been eating all the movement by giving gap up or gap down opening.
i will have a slightly different approach in the market.
1. if the market opens gap down I will sell the put option around 11260-11236 sl 11180 .and sell call option on reversal around 11305 - 11330.sl 11370.
2. if the market opens flat then have a simple strategy will sell call below 11305 and will sell put above 11460.
SGX nifty suggests the market will open the gap down. we have seen in the past after a huge gap down the market did not give momentum. so in that scenario, i will not trade for bigger profit instead i will prefer scalping. trade with half the quantity and sl will be very small.
till market sustain below 11505 my view will bearish , will sell on the rise
Comment:
open flat ..sell 11700 ce and 11600 ce ...booking now
Comment:
now will look for reversal
Comment:
DONE ...another successful day.cong8