indiamarketoutlook

Nifty: Levels identified with Technical Analysis working well

Long
NSE:NIFTY   Nifty 50 Index
Nifty

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...!!!

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
Comment:
Nifty filling the Gap zone today

Comments

why you stopped posting fii and dii data analysis
Reply
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