indiamarketoutlook

Nifty: Will previous top provide support now

做多
indiamarketoutlook 已更新   
NSE:NIFTY   Nifty 50指数
Nifty

Will Nifty take support at previous top levels. Pattern gets invalidates if Nifty closes below gap support zone of 15580 on a weekly closing basis.

Trading strategy for the given set up

One may consider selling Nifty 29 July expiry

15600 Put option

around 200-220

Lot size: 50
(Yes, you have read it correctly... Nifty lot size is changing from next month)

The strategy provides a max profit potential of Rs 10000 - Rs 11000/- per lot and has an approximate 11-12% yield potential till 29 July.
More importantly it also provides risk protection for a fall in Nifty price up to 15400-15380 till 29 July expiry giving enough space to adjust / exit if Nifty movement is otherwise

Take care & safe trading...!!!

Like, 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
交易开始:

Nifty 15600 Put option gave ample opportunity to be sold above 240 levels ( Open and high of 268.10) providing good risk::reward ratio
交易开始:

On a closing basis Nifty managed to close above the red dash line at 15633 odd levels

Strategy update

Nifty 15600 Put Option

Sold @ 245

CMP 165

Profit of 80 points so far per lot

Happy trading...!!!

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