As the nifty is approaching resistance, extreme bullish stance should be avoided with partial profit booking.
Will be updating with Future/Option strategy on Nifty in coming posts...till then "Be Safe, Trade Safe"
Be Proactive Trader
Better Insight, Better Trade Execution
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading Jai Hind Dhiraj Singh Bais Warrior @ Battle field
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08 Jul 20 Nifty Option strategy Status
Option 1 - 30 Jul 20 Exp Sell 10200+10150+10100 PE 215.2 Sell 11200+11250+11300 CE 168.55 Net credit 383.75 Max Profit 28788 Max Loss UNLIMITED Break Even 10022-11378 Margin Required 3.80L approx. POP 73% ROI 7.58%
Net Credit standing is @ 204(ie profit of +13481)46.82% of net credit
Agree with analysis , 11380 is strong resistance and there is no fundamental reason for a breakout here, Nifty should retrace back to 10000 or 9860 levels
as seeing the fundamentals i dont think so it will come near 9500 again and technically something other will happen soon but i dont think so it will come to 9500
DhirajSinghBais
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@panickyKing6796, Dear Panickyking, please read the description as i have not mentioned any lower targets.......this post is only to be alert on the higher levels & a possibility of Nifty breaking lower....exact entry with levels will be published as and when the setup appears....appreciated ur view
Dineshya
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Nifty trade plan -
Nifty Spot price would go up to 11030 then down to 10860 then up to 11173 then down to 110552 then up to 11222 then down to 9556.