Nifty trade setup for wednesday
See how our level work today...again when everyone is shorting Nifty @ 13040 we are long above 13040 .
Hope you guys made the money .we should look buy oppurtunity only till market sustain above 13000 hovever book profit aroun 13200. for scalping short ..level mention on chart.
Strategy!
Nifty 03 Dec Weekly expiry strategyNifty
CMP 13095
- we observe support potential in the range of 13035-13065
Given the set up, one may Consider selling Nifty 13000 Put option for
Expiry date: 03 Dec 2020
Current price around 44
Pattern gets invalidated if Nifty falls below 13035.
The strategy, however covers risk for fall in Nifty price up to 12956 on 03 Dec 2020 giving ample scope to exit with minimum damage if things don't work out.
Take care & safe trading...!!!
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
Complete strategyThis is a momentum based strategy which generates signals when the price moves with momentum in either direction. This strategy works well on liquid stocks. Its not necessary to close the trade as soon as the close signal is generated and one can wait for the price to move in the direction as indicated by the prior signal unless price starts to go in the opposite direction. The best set up for a trader is his/her own set up and hence it is recommended to use this strategy with your set up/research.
HDFC option strategy for November expiryHDFC November expiry should be below 2210 as per Bearish divergence in daily charts
Sell HDFC 2200CE @ 41
Buy HDFC 2300CE @ 18
Net credit - 23 x 300 = 6900
Breakeven at 2223 levels
Sl spot price close above 2250.
Exit when position is at 80% profit.
NIFTY TRADE SETUP FOR WEDNESDAYYesterday I told you will look to buy above 11820.
The market made low 11833 but could not catch @ the bottom. sold 11800 PE around 11850.
And book the profit around 11920.
Tomorrow I will again look to sell PE till the
market sustain above 11905 and
will sell CE if the market sustains below 11880.