All technical and trend indicators are pointing towards more downside. 10800-10780 could be seen in next few days.
This post is to share a low risk strategy to benefit from this correction, if you are convinced that 10800 - 10780 are the levels we could see a reversal from, following low risk strategy may be appropriate.
Buy Nifty 26 Dec Put 11900 closing price 116 One Lot Sell Nifty 26 Dec Put 11700 closing price 057 Two Lots
This position will give decent profit if Nifty settles near 10750-10800 levels.
Maximum risk is Rs. 2 per unit as long as Nifty is above 11643 levels.
DM me to know more about such interesting strategies.
if this interests you, you may check a small presentation covering a interesting zero risk strategy for bank nifty. bit.ly/NoRiskTrading
Strategies if crafted carefully can be far more interesting, profitable and above all low risk / risk free.
This post does not encourage trading using leveraged products in stock markets, please consult your financial adviser before taking any positions.
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