Nifty: Levels identified with Technical Analysis working well

NSE:NIFTY   Nifty 50 Index

Yesterday we had given a short in Nifty for target of 15680

It didn't work yesterday but today we see Nifty making an exact low of 15680

Nifty has support at 15680 / 15633

Given the set up

one may consider Selling Nifty 24 June expiry

15600 Put option
& simultaneously
Buy 15300 Put option

Strategy has a yield potential of 12.3% till June 24 expiry

Take care & safe trading...!!!

- 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
Nifty filling the Gap zone today


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.