Nifty
Cmp 10318
Nifty is at a level where there is a possibility of getting resisted.
Consider selling Nifty 10500 Call option between 40 -60
Cmp 45
Nifty may not fall or reverse but we also have 200 day EMA at 10551 so the strategy covers that risk and would work even if Nifty goes sideways.
Take care & safe trading
Cmp 10318
Nifty is at a level where there is a possibility of getting resisted.
Consider selling Nifty 10500 Call option between 40 -60
Cmp 45
Nifty may not fall or reverse but we also have 200 day EMA at 10551 so the strategy covers that risk and would work even if Nifty goes sideways.
Take care & safe trading
Comment:
As the title suggested a contra view, when every one was bullish, Nifty drops a 134 point from my short recommended level of 10318 to 10184 so far
Strategy update
Nifty 10500 Call option
From 45 the option price has come down to 23 odd levels.
Enjoy the profits..!!!