Nifty 03 Dec Weekly expiry strategy

NSE:NIFTY   Nifty 50 Index
CMP 13095

- we observe support potential in the range of 13035-13065

Given the set up, one may Consider selling Nifty 13000 Put option for

Expiry date: 03 Dec 2020

Current price around 44

Pattern gets invalidated if Nifty falls below 13035.

The strategy, however covers risk for fall in Nifty price up to 12956 on 03 Dec 2020 giving ample scope to exit with minimum damage if things don't work out.

Take care & safe trading...!!!

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