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Put-option

SBIN: Chart analysis, view and trading strategySBIN We are looking at weekly chart of SBIN stock Observations - SBIN is yet to give a weekly closing above the Sept 12 - Sept 19 weekly high - support at 554 / 545 / 530 zone Given the set up One can wait for SBIN to close and sustain above 579 on a weekly closing basis or for at least 3 days before taking for fresh long position Otherwise 530-540 zone could be a better place to enter Derivatives Strategy One may consider a Bear Call Spread strategy in SBIN for November series Sell 600 Call option Buy 630 Call option Net receivables 6 points Lot size 1500 Max Profit Potential of Rs 9000 per strategy lot till 24 Nov 2022 Profit potential of 12.5% approximately on Margin requirement Take care & safe trading...!!! Like, follow, share for more trading ideas like these Disclaimer -The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - 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 - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:SBIN
by indiamarketoutlook
2
Nifty: Is Nifty Feeling the October heat near resistance zone?Nifty - We are looking at daily candlestick chart Observations - On 16 Sept Nifty opened gap down between 17877 to 17796 - coincidently Nifty 76.4% retracement level is also around same level 17777 - for 4 consecutive days Nifty is struggling at 17800 levels - With 1 hour's trade to go today volume is on a lesser side Given the conditions, fresh longs in Nifty can be avoided. Have bought a few Put options for 24 November expiry. Review points for me - View gets invalidated if Nifty trades above 17880 Please follow your risk management measures Take care & safe trading...!!! Disclaimer -The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - 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 - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTY
by indiamarketoutlook
1
Nifty: The 2-3-5 Rule works it's magicNifty This is not a fresh recommendation - In our earlier post we had warned about trouble times for Nifty based on the chart set up - we had also highlighted the possibility of Nifty breaking Support line based on the 2-3-5 Rule ( in the 5th attempt, the chances of breaking the support line is higher) Well, 2-3-5 Rule works its magic... As it was the 5th attempt at the support line, we went with the rule and were aggressive on the shorts. Note Technical Analysis is one thing and trading is another. Although I was aggressive on the shorts, in the trade we had, there was still margin for being wrong We had 18400 Call short position at 120 which was squared off earlier around 27 and shifted our call short position to 18200 Call short around 70 Along with that we had bought 17900 Put Long at 150 (this cost was taken care of and covered with the premium we had received on overall Call Short position. We had received 163 points from the Call Short position. So even if Nifty expiry would have happened at 18200 we would have still made 13 points on the overall Nifty trade ) Partial profit booking for 17900 Put was done on Friday around 254 and today we have booked full profits at 336. CMP for the 17900 Put is 380. I could have waited and earned more but that's fine with me. I had an initial target of 330 when I entered the trade at 150 and I am more than happy to get what I have got. 18200 Call option Short sold at 70 CMP 4. Overall a good day to begin the week with.... Enjoy & Happy trading....!!! 🙂 Trust you have found the analysis helpful. Trade responsibly Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - 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 - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTY
by indiamarketoutlook
5