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Nifty: 14 May weekly Expiry strategy

Long
NSE:NIFTY   Nifty 50 Index
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...!!!

Comment:
Nifty 8900 Put update

Sold @ 47
CMP 24

The strategy has worked very well with ample safety as well..
Hope you guys enjoyed.
Comment:
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 yourself

Game 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...!!!
Comment:
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 line



Nifty 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 0.35

9700 Put 0.40

Net profit 75*(47+58)-(0.35+0.4)= 75* 104.25= Rs 7818.75/-

Enjoy & have a gr8 day ahead
Comment:
9230-9260 is crucial zone with 20 day EMA at 9250

Since 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 9202


9200 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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