Nifty: Bullish Harami Candlestick pattern
Updated
Nifty Closing price 8879
- we observe bullish harami candlestick pattern
- Hence shorting this structure might not be a good idea.
- It might be buying on dips or no trade
- ideally 8806 should not be breached but given the current volatility, will be keeping some flexibility for levels of 8758-8766 levels.
We might consider selling Put options as our strategy to trade
Take care & safe trading...!!!
- we observe bullish harami candlestick pattern
- Hence shorting this structure might not be a good idea.
- It might be buying on dips or no trade
- ideally 8806 should not be breached but given the current volatility, will be keeping some flexibility for levels of 8758-8766 levels.
We might consider selling Put options as our strategy to trade
Take care & safe trading...!!!
Trade active
As suggested in pre - opening itself, we have sold Nifty 8800 Put at 57. High made 63 so far
Trade active
Nifty cmp 8956Nifty 8800 Put option update
CMP 18
With 40 points already in ...
consider selling 8900 Put option in range of 44-52 (Cmp 45.5)
Keep a sl at 63 for 8900 put option
Take care & safe trading...!!!
Trade closed: target reached
Nifty 8900 & 8800 Put option are trading at 0.6 & 0.4 & should expire worthless at 0Current profit 75*(57+45) - 1 = Rs 7575/-
Enjoy & have a nice day...!!!
Note
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