FourSTechnicalAnalysis

NIFTY 15375 ON THE CARDS ??? SWING TRADING IDEA

NSE:NIFTY1!   S&P CNX NIFTY INDEX FUTURES
Hi Friends and Fellow Traders,

NIFTY has witnessed range bound session for the whole of June Series. Range of approximately 265 points.
It has come at a very good breakout level
Considering BankNifty has not HIT its all time HIGH , Momentum in BankNifty may propel Nifty towards 16000 levels.

Idea would be to take a strangle on Nifty with a range of 400 points
For directional traders, hedge with a PE or CE for Long on Futures or Short on Futures with SL of not more than 2000 per lot ( 40 points)

Wait for hour candle close above the levels before making any positions.

Do not trade naked options
Do not trade without stoploss

I will keep you posted on my trade.

Cheers

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