indiamarketoutlook

Nifty: Follow up on 1st week outlook view

NSE:NIFTY   Nifty 50 Index
Nifty
CMP 14102

We had given a view on 1st Jan. This is in continuation of that view...

Nifty 13800 Put short Update

Suggested sell between 60-80

CMP 16

The position is active and is in profit.

Looking at the Options trade Data for January 01 , 2021,
- Retail participants are looking more optimistic and
- FIIs and Proprietary traders are going preservative
(message in private to know more)

One may Consider adding a sell Call position
Strike Price : 14200 Call Option
CMP 46

The strategy is best suited for a range bound movement.


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

Trade closed: target reached: Nifty 07 Jan expiry Short strangle trade update

Nifty 13800 Put option CMP 3.15
Nifty 14200 Call option CMP 32

The strategy is is profit of Rs 5613/- per strategy lot


Happy trading...!!! 😊

Comments

Exactly done..Great
+1 Reply
@IrshadS, Thanks Irshad for the compliment...πŸ™
Reply
why odnt you clearly mention targets.. we cannot make out from the arrows
Reply
@Parasuram,

Rather than looking at specific target numbers, of all, you know very well, I am more interested in managing situations and being profitable in different case scenarios...

That's precisely the reason why I prefer Option strategies over Futures trade. Yes profits are limited but, I don't have to worry about specific numbers to be profitable.

Also, this is a follow up idea, as suggested in the Headline.
For more details, you need to check my previous post. Link for the same is provided in Related ideas.

I have mentioned that yellow trendline and green trendline would likely provide support

Again specific Levels are also mentioned in the 01 Jan Post

Important levels for January 01 , 2021
Important support levels : 13935 / 13904 / 13882 / 13829
Important levels on the upside : 14036 / 14063 / 14085 / 14129

More so, here too, I have clearly mentioned my best case scenario is a range bound set up that I am looking at...

How much more clear you want me to be...?

Read both the ideas and then co-relate and I am sure you would get the whole picture
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out