- 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...!!!
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- 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