Nifty 50 IndexLong
Nifty Trade Setup for 11.09.22 with weekly outlook
Nifty outlook is different when you compare it with banknifty. The only laggard is the underperformance of Reliance. It would be very difficult to attain 18000 with Reliance hovering below 2600. So, despite of the general outlook of positional longs, keep tracking Reliance as the breakout, if happens, will propel nifty above 18000. Till then nifty would be rangebound between 17900 and 17800
Also keep tracking the updates about the conflict between Greece and Turkey. Might have some bearish implications if comes down to a war
Conviction bullish
Bias neutral
Trade Setup
Long above 17865 Target 17900-18000 (short covering will start once sustains above 18000 so don't book and rather trail stop loss)
Short below 17786 Target 17700
>>Option buying
Long Position: Buy 17900 CE
Short position: Buy 17700 PE
>>Option Selling
Sell 18000 call and put
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Also keep tracking the updates about the conflict between Greece and Turkey. Might have some bearish implications if comes down to a war
Conviction bullish
Bias neutral
Trade Setup
Long above 17865 Target 17900-18000 (short covering will start once sustains above 18000 so don't book and rather trail stop loss)
Short below 17786 Target 17700
>>Option buying
Long Position: Buy 17900 CE
Short position: Buy 17700 PE
>>Option Selling
Sell 18000 call and put
-------------------------------------------
Standard Disclaimer
Trading stocks, options and other securities involves risk.
The risk of loss in trading securities can be substantial.
The risk involved with trading stocks, options and other securities are not suitable for all investors.
The information presented in this educational material is not intended to be
used as the sole basis of any investment decisions, nor should it be construed
as advice designed to meet the investment needs of any particular investor.
Nothing in this course constitutes legal, accounting or tax advice, or
individually tailored investment advice.
WE ARE NOT RESPONSIBLE FOR ANY GAINS OR LOSSES YOU MAKE.
WE ARE NOT SEBI REGISTERED.
*SEBI Mandatory Guidelines*
*Channel Disclaimer/ disclosure*
No tips
No advice
No recommendation
No PMS advisory
This channel do not provide any tips/recommendations/advice
All updates/posts/discussions are only for education and learning purpose.
Do Consult your financial advisor before taking trading or investing decisions
I am not responsible for any financial losses
Disclaimer/disclosure/terms and conditions applicable to all members of this channel
All rights are reserved
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