For traders who are playing NSE:BANKNIFTY expiries on Thursdays can play the same trades on FinNifty on Tuesdays. The margin requirements are lower and now since the option premiums are staying low - the ROI in finnifty is better than banknifty.
Today was a flat day, open was at 42731 and then it was struggling to keep the momentum up. We had a gradual rise...
Nifty Closing today 29/09/2022 : 16818 spot
Since last 3 weeks if we observe Nifty movement there is lot of selling pressure.
From the recent high of 18096 levels Nifty has declined almost 7.5%.
In the chart if you observe I have drawn a primary wave .It looks like we are in the wave 2 of that Elliott wave.
wave 2 will be mostly 3-3-3 or 5-3-5 corrective...
The stock is under accumulation for the past few months.The chart is self explanatory.Read the details given in the chart for a thorough knowledge.
Option sellers can use this script by doing strangle or straddle with break-even falling between 885-999 preferably.
This post is for educational purpose only.
In this video, I share how I have created in excel TCS Bull Call Spread and TCS ATM Short Straddle.
I have explained all that is needed for the purpose of creating the strategies.
Please note that I may / may not execute the trade depending upon how the funds position is closer to the day end.
If you have liked the video, please let me know and if you feel...