Nifty: Will it bounce back
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Nifty
I have covered my short positions in Nifty at 15603 odd levels.
One of the reasons for covering up short position PCR yesterday was at 0.81
Important levels on the lower side 15580 / 15525 / 15450
__________________________________________________________________________________________
Given the set up
Consider selling 26 August expiry 15400 Put option around 150
The strategy has a max profit potential of Rs 7500/- per lot (yield potential of approximately 8.5% on margin).
More importantly strategy covers risk for a fall up to 15250 till 26 August 2021 giving ample scope and time to adjust in case view gets invalidated.
Learn to manage your risk and
increase your chances of winning trades
Take care & safe trading...!!!
If you want to learn more about managing risk to be profitable using Options message me directly (only if you are serious)
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
I have covered my short positions in Nifty at 15603 odd levels.
One of the reasons for covering up short position PCR yesterday was at 0.81
Important levels on the lower side 15580 / 15525 / 15450
__________________________________________________________________________________________
Given the set up
Consider selling 26 August expiry 15400 Put option around 150
The strategy has a max profit potential of Rs 7500/- per lot (yield potential of approximately 8.5% on margin).
More importantly strategy covers risk for a fall up to 15250 till 26 August 2021 giving ample scope and time to adjust in case view gets invalidated.
Learn to manage your risk and
increase your chances of winning trades
Take care & safe trading...!!!
If you want to learn more about managing risk to be profitable using Options message me directly (only if you are serious)
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
Nota
Nifty does a gap up opening. Where we lucky???or did the hard work in analysis showed it's magic
Derivatives Data analysis (study of PCR) gave us early clues.
Combined with Nifty managing to close above 15628 - a level which has been identified and discussed in my earlier posts gave us the 2nd clue.
Now the results are in front or you...
Focus on doing your homework and listen to what the market tries to communicate with us and chances are you too might start feeling lucky more often...🙂
26 August expiry 15400 Put option update
suggested selling around 150
CMP 88
There is some resistance around 15820-15840 odd levels. So depending on your risk appetite, profit booking may be considered here.
If that zone is taken out, Nifty might once again look to inch towards 16000
Going forward,
As a risk management measure and to ensure profitability in trade, I would
Exit completely if Nifty goes below 15740 any time
Continue to hold my position if Nifty closing is above 15820
Any closing between 15740-15820, I would book 50% profits at least
Take care & happy trading...!!!
Like and Follow for more such ideas
But don't just follow blindly
Learn to identify opportunities independently
Nota
Nifty closing above 15820 helped it open with a gap up15865 - 15915 is an important resistance zone (again this level has been discussed in previous posts)
Nifty 15400 Put option update
CMP 72
Consider booking 50% profits and trail SL to 90 for balance
Happy trading...!!!
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