Today the price has broken the support zone and Fib retracement level of 38.20%. Also, there is a good convergence in ema bands. The price could show the volatility of 5 to 6% in this range of Fib retracement levels of 330 to 315. On the breakdown of this range we got a clear short trade of 5 to 6%. If anybody wants to trade this range then the short strangle...
CMP: 1798.85
Now in Godrej Properties form inverted Cup and handle pattern. now its full chances to go down. till target: 1085. its retrace on 1798 again . wait to retrace 1st then go for short selling on opportunity seen.
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Red Lines are potential levels for weekly expiry.
Green Lines are potential levels for Monthly expiry.
Both levels are calculated plotted on the day of expiry for the next expiry.
Here green lines were calculated and plotted on 27-05-2021. And short strangle positions taken for 24-06-2021 Expiry at market close on 27-05-2021
NIFTY 24JUN2021 15900CE Sold at...
Short Strangle
Wednesday market will be bidirectional
and due Budget all premiums are high so due thetha in side way market can eat more premium
applied short strangle and stayed 1.5 Hrs capture 2500 per lot
Note:- My rule ADX < 25 then only it is favourable to do option selling but not followed this becoz premiums are want eat and get out as quick as posible
Nifty
CMP 14102
We had given a view on 1st Jan. This is in continuation of that view...
Nifty 13800 Put short Update
Suggested sell between 60-80
CMP 16
The position is active and is in profit.
Looking at the Options trade Data for January 01, 2021,
- Retail participants are looking more optimistic and
- FIIs and Proprietary traders are going...
Wednesday will be a PED(Premium eating day) 80% cases - so the market will bidirectional so Short strangle will give good profits
captured around 2300 rs
YES BANK
CMP 194.20
- The stock is trading between 20 day EMA and 50 day EMA just before result announcement
- in our previous post on Yes Bank when the stock was at similar levels we had suggested that below 190 the stock may fall up to 182 (low made was 181.50) and above 198 there is a strong possibility of stock rising up to 208 (high made thereafter...
DCB Bank is getting prepared for making a good triangle breakout....
One should get ready to sell DCB Bank below 197
with the targets of 185/180/170 and SL 195
Note: Do your own study before making any position...
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