Nifty: Is 21 day EMA retest on the cards?
- we are looking at Nifty daily charts
- Nifty is currently roughly 540 points (more than 2%) above 21 day EMA
- the gap is above historical average levels
- some cooling off in Nifty can not be ruled out
Given the set up, my strategy
Sell Nifty 29 Aug 2024 25200 Call Option around 180
Yield potential 8% approx. on Margin
In built protection for a rise up to 25380 levels
Review point 25100
For those looking to reduce risk even further, they may consider to Buy 25500 Call Option currently around 105
The modified strategy can provide an ROI of around 10% and limit the loss as well
Take care and safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
- Nifty is currently roughly 540 points (more than 2%) above 21 day EMA
- the gap is above historical average levels
- some cooling off in Nifty can not be ruled out
Given the set up, my strategy
Sell Nifty 29 Aug 2024 25200 Call Option around 180
Yield potential 8% approx. on Margin
In built protection for a rise up to 25380 levels
Review point 25100
For those looking to reduce risk even further, they may consider to Buy 25500 Call Option currently around 105
The modified strategy can provide an ROI of around 10% and limit the loss as well
Take care and safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.