As discussed yesterday nifty should hold yesterdays lower high . Today it had broken lower high and approaching support at uptrend green line. As per risk management long in nifty should be covered . Since Uptrend Line support is only 100 points, Also said Nifty could trade side ways from 18450 to 18700/800. this make nifty as no trade zone. in this market one can short nifty 1 lot and short put 1 lot and short call 1 lot. If nifty remains side ways you will eat up premium and nifty will be in marginal profit/loss ( Selling nifty is used for hedge) . Point to sell nifty is if in any extreme case market will come down, here nifty short position will protect you. Profit can be booked if you are getting 3% on Investment . Total investment will be around 2L
This is advice only and trade should be taken on personal financial adviser advice.
This is advice only and trade should be taken on personal financial adviser advice.
