indiamarketoutlook

Nifty: Chart setup & strategy for 18 June expiry

Long
NSE:NIFTY   Nifty 50 Index
Nifty
cmp 9675

Chart explains everything.

Given the setup

One may consider selling Nifty 9300 Put around 65

Exit If Nifty closes below 9520

The strategy will be in loss if 18 Jun expiry closing is below 9235. However we would be skeptical if Nifty closes below 9520 giving us ample opportunity to adjust.

Take care & safe trading...!!!

Disclaimer

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.