Nifty Trade Setup For Expiry (21st July)So, Nifty is traded at around 15632, so what we should consider on expiry day.
.
1. 15733 is a strong resistance level if Nifty goes upside and break the level and made 15 minute green candle then only we will buy CE.
2. 15733 is a strong resistance level so maybe once Nifty touch this level and then reverse. So wait for the full breakout.
.
If I am talking about downside, so 15576 is a support already Nifty touch this level on yesterday.
.
1. If Nifty goes down side so tomorrow it can be possible that Nifty can break the support of 15576.
2. If Nifty goes down 15500 is our Target in the downside.
.
👉 What's your view on this comment below in the box.
Putoptions
LIC HSG FIN: Chart set up & F&O trading strategy for July expiryLIC Hsg Fin
- The zone of 440-458 is crucial zone for LIC HSG FIN
- Blue support line currently around 420 odd levels
The target for the current set up 492 / 505 / 518
Strategy: One may consider buying in 2 tranches
1 at current levels and 2nd on further dips towards blue line
Exit if closing below 408
_________________________________________________________________________________
Alternatively one may consider
Bull Put spread strategy
Sell LIC HSG FIN 440 Put option around 10
Buy LIC HSG FIN 400 Put option around 2.5
Lot size 2000
Max profit potential in strategy Rs 15000 giving a yield potential of approximately 15% on margin requirement.
Take care & safe trading...!!!
Like, Share and Follow for more such ideas...!!!
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