indiamarketoutlook

Nifty chart set up for today & strategy for 02 July 2020 expiry

NSE:NIFTY   Nifty 50 Index
Nifty
CMP 10385

Nifty has opened at important levels for the day

Consider selling 02 July 2020 expiry

10500 Call option around 45

CMP 43

Loss in strategy if Nifty closes above 10545 on 02 July 2020

Take care & safe trading...!!!



Comment:
Comment:

As charts suggested yesterday itself, Nifty has taken support at the blue line & looks likely to have given a break out on the upside. We might see a push towards 10420 once again...
Comment:
Nifty 10500 Call option update CMP 19

Recommended selling at 45

Current profitability

75*(45-18) = Rs 2025/- per lot

Consider booking profits as per risk appetite or book partial profit and keep Stop loss at cost for balance to ensure profitability in the trade

Happy trading...!!!
Comment:

Nifty intraday target of 10420 done

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