Nifty
CMP 14801
- Nifty has 20 day and 50 day EMA support around 14620-14650
- Resistance around recent high of 15044
Given the set up
One may consider a Short strangle strategy for 06 May expiry
Sell Nifty
14600 Put option around 100
15000 Call option around 82
Max profit potential in strategy Rs 13650 (approximately 8% on Margin requirement)
Loss in strategy only if Nifty closes below 14418 or above 15182 on 06 May 2021
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