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Sideways

NIFTY | RSI mild negative divergence | Sideways?NIFTY | RSI mild negative divergence | Doesn't looks bullish not a great time to short too. Expecting some range bound this week. Lets try Short straddle with hedge it becomes Iron Fly - 17/12/2020 Expiry - Credit Statergy - Defined and good risk reward CMP : 13513 Sell 13500 PE @ 101 Sell 13500 CE @ 108 Buy 13300 PE @ 37 Buy 13700 CE @ 36 Premium collecting : Rs.209/- Insurance : 73/- Max Loss : Rs.4815/- Max Profit : Rs.10110/- 1) No adjustment required if ready to accept this small loss of 4815/- 2) Margin required approx 62000/- 3) While exiting in between should exit from all the positions
NSE:NIFTY
by srikartiram
1
TATASTEEL - PULLBACK ON LOW VOLUMENSE:TATASTEEL TATASTEEL OVERALL OUTLOOK REMAINS BULLISH ON 17TH NOV,PRICE OPENED GAP UP AND FORMED A STRONG BULLISH CANDLE WITH HUGE VOLUME BUT AFTER THat PRICE STRUGGLED TO MOVE HIGHER,VOLUME ALSO ON DECLINING SIDE AFTER WHICH PRICE STARTED TO RETRACE ,AT FIRST WITH EXPANDING VOLUME ,THEN ON EXTREMELY LOW VOLUME THERE ARE TWO POSSIBLITIES,EITHER >>>>> PRICE GRADUALLY MOVE DOWN ON LOW VOLUME AND TAKE SUPPORT AT 495 -502 ZONE (PREVIOUS GAP) BEFORE MOVING HIGHER (or) >>>>> PRICE COULD TEST THE RESISTANCE (RECENT HIGH) FOR SOME TIME BEFORE MOVING HIGHER ON VOLUME EXPANSION
NSE:TATASTEEL
by Arun_000