Nifty
CMP 11555
The zone of 11535-11585 is a crucial decider level for Nifty
- A close above 11585 would signify strength to move further upside with some hurdle at 11650 odd levels
- a close below 11535 could indicate a further fall towards 11460 / 11430 levels
- a close in between 11535-11585 would indicate indecision / boring range bound to continue
Given the setup
one may consider selling Nifty 11450 Put option around 55-65 (Cmp 58.5)
The strategy provides risk cover for a fall in Nifty price up to 11395-11390 till 24 September expiry. However if one wants to cut down on their risk, consider to exit from strategy if Nifty closing today is below 11530
Follow up on Nifty 11200 Put option strategy given on September 01, 2020
At the beginning of the month we had given a strategy for Nifty to sell 11200 Put option around 133.
CMP is around 18. That's a good 115 point profit per lot.
Consider booking profits as per risk appetite
Take care & safe trading...!!!
Disclaimer:
- The view expressed here is my personal view
- 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
- F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
CMP 11555
The zone of 11535-11585 is a crucial decider level for Nifty
- A close above 11585 would signify strength to move further upside with some hurdle at 11650 odd levels
- a close below 11535 could indicate a further fall towards 11460 / 11430 levels
- a close in between 11535-11585 would indicate indecision / boring range bound to continue
Given the setup
one may consider selling Nifty 11450 Put option around 55-65 (Cmp 58.5)
The strategy provides risk cover for a fall in Nifty price up to 11395-11390 till 24 September expiry. However if one wants to cut down on their risk, consider to exit from strategy if Nifty closing today is below 11530
Follow up on Nifty 11200 Put option strategy given on September 01, 2020
At the beginning of the month we had given a strategy for Nifty to sell 11200 Put option around 133.
CMP is around 18. That's a good 115 point profit per lot.
Consider booking profits as per risk appetite
Take care & safe trading...!!!
Disclaimer:
- The view expressed here is my personal view
- 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
- F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
In the analysis above and to manage risk, we said to exit from the strategy if closing is below 10535 as that would indicate weakness. Yesterday it took support around 11537 twice but broke down in the 3rd attempt and closed below that. Today when it tried to recover in morning trade, notice the high for the day.... 11535.25
Writing was on the wall. The levels were respected to the point...
Technical Analysis is not about being right or wrong but about identifying levels, understanding risk and reward potential and having a plan A & plan B in case it works / doesn't work
Take care