Nifty: 14 May weekly Expiry strategy
Updated
Nifty
9086
- Applying Fibonacci to the rally from 7511 to 9889 levels we observe that 8980 levels represents an important 38.2% retracement
One may consider selling Nifty 15 May expiry 8900 Put option cmp 47
Target 0
Be alert if Nifty goes below 8980
Strategy has in built loss protection for a fall up to 8854
Take care & safe trading...!!!
9086
- Applying Fibonacci to the rally from 7511 to 9889 levels we observe that 8980 levels represents an important 38.2% retracement
One may consider selling Nifty 15 May expiry 8900 Put option cmp 47
Target 0
Be alert if Nifty goes below 8980
Strategy has in built loss protection for a fall up to 8854
Take care & safe trading...!!!
Note
Nifty 8900 Put updateSold @ 47
CMP 24
The strategy has worked very well with ample safety as well..
Hope you guys enjoyed.
Note
Wow what a recovery. Did u make the most of it or are you surprised with the recovery. What if I tell you charts did give us a clue that it may recover. Well, It just mirrored the pattern of previous day. Have a look at it & see the wonders of chart analysis for yourselfGame of Nifty...
In last 2 trading sessions Nifty opened gap up & came down by EOD.
Today it opened gap down, & has bounced back more than 170 points intra day.
Kind of mirrored the pattern. This chart analysis was also at the back of our mind
for entering
As I have always said, Charts do try to tell us a lot. The only question is are you listening. If you are interested in learning and improve your chances of winning, you may get in touch...
Happy learning...!!!
Note
Nifty 9462
Nifty has come up on news,bb
One may consider selling Nifty 14 May expiry 9700 call option around 58
Trade active
Nifty has opened up on News but on charts it opened at resistance
Trade active
Looks like we will be back again at the blue lineNifty Expiry strategy update
8900 Put option (Recommended sell @ 47 Closing price 4.5)
9700 Call option (Recommended sell @ 58 Closing price 24.5)
1 day to go...
Trade active
8900 Put 0.359700 Put 0.40
Net profit 75*(47+58)-(0.35+0.4)= 75* 104.25= Rs 7818.75/-
Enjoy & have a gr8 day ahead
Note
9230-9260 is crucial zone with 20 day EMA at 9250Since we have 100 points already in the pocket
Consider buying Nifty 9200 Put around 15 or less than that.
Trade closed: target reached
NIFTY CMP 92029200 Put update
Cmp 35
Those who were able to capture the trade. That's more than 100% ROI in half an hour
Consider booking profits & shut shop for the day...!11
Enjoy
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