Nifty: Chart set up and trading strategy
Nifty is currently having support at 18400 odd levels
Nifty all time high is at 18604
Given the set up one may consider to a Short strangle strategy in weekly options
Dec 01 Expiry
Sell 18300 Put optoin
Sell 18650 Call option
Net receivables 68-70 points
Loss in trade if closing on Dec 01 is below 18232 or above 18718
Review points 18350 on the lower side and 18605 on the upside
It should give ample scope to adjust / exit.
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
Nifty all time high is at 18604
Given the set up one may consider to a Short strangle strategy in weekly options
Dec 01 Expiry
Sell 18300 Put optoin
Sell 18650 Call option
Net receivables 68-70 points
Loss in trade if closing on Dec 01 is below 18232 or above 18718
Review points 18350 on the lower side and 18605 on the upside
It should give ample scope to adjust / exit.
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
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