indiamarketoutlook

Nifty retesting 50 day EMA

Long
NSE:NIFTY   Nifty 50 Index
Nifty


- As suggested in previous Nifty analysis, Nifty needs to sustain above 50 day EMA . Currently Nifty is trading at 50 day EMA

- Given the set up, One may consider selling Nifty 25 March expiry 14400 Put option currently around 65

- The risk at current levels is very less

- The strategy provides risk cover for a fall up to 14335, giving ample time and scope to adjust and exit in case if Nifty breaks below 50 day EMA on a closing basis

Do your own risk analysis before you trade...

Take care & safe trading...!!!
Trade active: Nifty recovers back to close flat....

Nifty closing low on hourly chart 14625.95 (50 day EMA 14624)
Nifty respected 50 day EMA to perfection

Strategy update
Suggested selling 14400 Put when it was trading around 65

LTP of 14400 Put option 35.

That's a profit of 35 points

Happy trading....!!!! 😀

Comments

hi. have seen you after so many days.. i hope everything was fine.. TC
Reply
indiamarketoutlook NitinDhanrajani
@NitinDhanrajani, Hi Nitin...thanks for asking.

yes every thing is fine...

given the market conditions, was busy with intra day trades. Its difficult to trade as well as keep updating here.

Now back to positional trades, hence some activity here... Will I be updating on a daily basis... May be no... the number of updates could be less going forward...
Reply
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