neneram

Nifty October / November Strategy ..... Office people

NSE:NIFTY   Nifty 50 Index
Hi All ,
We have closed our Sep/Oct Monthly strategy with 44 -60 point profit

Following is strategy for Oct = Nov
No Naked Put/call Buy /Sell , No over leverage
Just take it and forget till October expiry , No need to look every 5 min candle , Be Busy in your work .

Buy Nov 10700 Put @ 127 , 1 lot
Sell Oct 10600 Put @ 60 , 1 lot

Buy Nov 11500 Call @ 100 , 1 lot
Sell Oct 11600 Call @ 27 , 1 lot
Take above combination in 1:1:1:1 ratio , you can take 2:2:2:2 ratio or further depending on capital you have

we cannot be sure of direction of Nifty , Monthly timeframe and weekly time frame oversold .
But will Monthly reversal candle allow it to go up ?

PS : Options are risky , Financial loss involved , Consult your financial adviser before taking trade.