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Nifty: Likely range for 05 August weekly expiry day

NSE:NIFTY   Nifty 50 Index
Nifty

Prima facie based on F&O data analysis, not expecting any fire crackers tomorrow.

Nifty expiry looks likely to be subdued in the range of 16190-16302.

Extended range could be 16160-16330

Take care and plan your trade responsibly

Let me go by Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Data is dynamic and can change in no time
- 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 at extended upper end of the range...

One may Consider the following strategy

Sell 16500 Call option 26 August expiry currently around 100
Comment: Nifty 16500 Call Option 26 August expiry gave ample opportunity to sell around 100

Nifty 16500 Call option closed in profit at 76
Comment:
Strategy update

16500 Call Option update 60.80

One may consider to book profits and enjoy the week end

Happy trading..!!!

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