Nifty: Bullish Harami Candlestick pattern

Nifty Closing price 8879

- we observe bullish harami candlestick pattern

- Hence shorting this structure might not be a good idea.

- It might be buying on dips or no trade

- ideally 8806 should not be breached but given the current volatility, will be keeping some flexibility for levels of 8758-8766 levels.

We might consider selling Put options as our strategy to trade

Take care & safe trading...!!!

עסקה פעילה:

As suggested in pre - opening itself, we have sold Nifty 8800 Put at 57.

High made 63 so far

עסקה פעילה:

Nifty cmp 8956


Nifty 8800 Put option update

CMP 18

With 40 points already in ...

consider selling 8900 Put option in range of 44-52 (Cmp 45.5)

Keep a sl at 63 for 8900 put option

Take care & safe trading...!!!

עסקה סגורה: היעד הושג:

Nifty 8900 & 8800 Put option are trading at 0.6 & 0.4 & should expire worthless at 0

Current profit 75*(57+45) - 1 = Rs 7575/-

Enjoy & have a nice day...!!!

הערה:

Those who are interested in learning and improving your chances of winning trade can contact me