Nifty strategy for office going people i.e part time traders
Hi All ,
Many who trade as side business and cannot monitor nifty movement continuously strategy for them :
Aggressive trade can take trade right now , Or else enter this trade tomorrow EOD.
Buy Nifty Feb Futures @ 10600
Sell Nifty Feb 10400 call @ 271
we are playing for 70 points profit i.e 5K per lot, so just look at this at expiry day .
No need to monitor every 10 min
You need capital of 3lakh for 2lot futures and 2 lot call sell , no over leverage , If you don't have capital , this is not for you.
Nifty expiry scenario :
Expiry at 10700 we make 100 point profit on Fut , 30 point loss on call so net 70 points profit
Expiry at 10600 we make 70 point profit on call , No profit on fut so net 70 points profit
Expiry at 10400 we make 270 point profit on call 200 point loss on fut so net 70 point profit
worst scenario expiry at 10300 we 300 point loss on fut and gain 270 point on call , so net 30 point loss
so 3 : 1 chance of winning
Any takers for expiry below 10400 ?
Hint : See the daily RSI , if Nifty goes to 10400 what will be daily RSI ? will it sustain there ?
Consult your financial adviser before investing , Futures and options are risky.
Many who trade as side business and cannot monitor nifty movement continuously strategy for them :
Aggressive trade can take trade right now , Or else enter this trade tomorrow EOD.
Buy Nifty Feb Futures @ 10600
Sell Nifty Feb 10400 call @ 271
we are playing for 70 points profit i.e 5K per lot, so just look at this at expiry day .
No need to monitor every 10 min
You need capital of 3lakh for 2lot futures and 2 lot call sell , no over leverage , If you don't have capital , this is not for you.
Nifty expiry scenario :
Expiry at 10700 we make 100 point profit on Fut , 30 point loss on call so net 70 points profit
Expiry at 10600 we make 70 point profit on call , No profit on fut so net 70 points profit
Expiry at 10400 we make 270 point profit on call 200 point loss on fut so net 70 point profit
worst scenario expiry at 10300 we 300 point loss on fut and gain 270 point on call , so net 30 point loss
so 3 : 1 chance of winning
Any takers for expiry below 10400 ?
Hint : See the daily RSI , if Nifty goes to 10400 what will be daily RSI ? will it sustain there ?
Consult your financial adviser before investing , Futures and options are risky.
Comment:
Folks don't panic , if you are in this trade and feeling insecure than on Monday Book profits on 10400 call currently @101 i.e 170 points points and sell 10300 @ 171.
Comment:
Folks those who have sold 10300 call as per above , book out small profits.
Exit futures and call position
Exit futures and call position
Comment:
Folks who have original trade going , book out , no profit no loss .
BOOK OUT , EXIT , EXIT
BOOK OUT , EXIT , EXIT
Trade closed manually
Don't panic , Stay focused.