indiamarketoutlook

Nifty: Chart setup and strategy

Short
NSE:NIFTY   Nifty 50 Index
Nifty
CMP 11417

Nifty has given a bounce back
- on charts it has come near resistance line

Given the set up consider selling Nifty 27 Aug expiry 11500 Call option in the range of 50- 64
CMP 51

The strategy covers risk for a rise in price up to 11550-11564

Take care & safe trading...!!!

Discliamer:
- The view expressed here is my personal view
- 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
- 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 11500 Call Option
CMP 33

Consider booking profits as per risk appetite

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