Nifty
This is in continuation from my previous post given on March 29, 2022
If we observe, after breakout from the yellow box, Nifty took a "U" turn exactly from the Line of Resistance identified earlier and baring 2 days, Nifty has traded in the upper green box :-)
Strategy given on Mar 29 2022 factored in this kind of possible movement & kept me in control of the situation
Short Strangle Strategy
Sell Nifty 28 April 16300 Put Option @120
&
Sell Nifty 28 April 18300 Call Option @80
Strategy update
16300 Put option (CMP 12)
18300 Call Option (CMP 26)
Despite the Ups & Downs in Nifty, Profit in strategy so far
50*(200-38) = Rs 8100 per strategy lot
Hope those who followed the trade, found it beneficial 🙂
________________________________________________________________________________
Going forward, I have added 20 day EMA and 50 day EMA for further cues. Nifty has already tested 20 day EMA today and 50 day EMA is not that far away. I would be watching them closely. A good trending market tends to take Support at 20 day / 50 day EMA.
This EMA cue is my guiding factor in further Nifty trade.
For more trading ideas like these
Like, Comment & Follow
_______________________________________________________________________________________
Use Technical Analysis to:-
- assess your Risk & Reward potential,
- understand possible different scenarios (best case and worst case) and
- then make trading strategies which can help you manage your worst case situations
- have provisions to accept if movement is beyond your imagination and do not try to fight a losing battle
_______________________________________________________________________________________
You follow this and you should do well in the longer run..!!!
I trade less so you might see my post every day...
but I Trust you will find the above mantra useful in planning your trade 🙂
Take care & stay blessed...!!!
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
This is in continuation from my previous post given on March 29, 2022
If we observe, after breakout from the yellow box, Nifty took a "U" turn exactly from the Line of Resistance identified earlier and baring 2 days, Nifty has traded in the upper green box :-)
Strategy given on Mar 29 2022 factored in this kind of possible movement & kept me in control of the situation
Short Strangle Strategy
Sell Nifty 28 April 16300 Put Option @120
&
Sell Nifty 28 April 18300 Call Option @80
Strategy update
16300 Put option (CMP 12)
18300 Call Option (CMP 26)
Despite the Ups & Downs in Nifty, Profit in strategy so far
50*(200-38) = Rs 8100 per strategy lot
Hope those who followed the trade, found it beneficial 🙂
________________________________________________________________________________
Going forward, I have added 20 day EMA and 50 day EMA for further cues. Nifty has already tested 20 day EMA today and 50 day EMA is not that far away. I would be watching them closely. A good trending market tends to take Support at 20 day / 50 day EMA.
This EMA cue is my guiding factor in further Nifty trade.
For more trading ideas like these
Like, Comment & Follow
_______________________________________________________________________________________
Use Technical Analysis to:-
- assess your Risk & Reward potential,
- understand possible different scenarios (best case and worst case) and
- then make trading strategies which can help you manage your worst case situations
- have provisions to accept if movement is beyond your imagination and do not try to fight a losing battle
_______________________________________________________________________________________
You follow this and you should do well in the longer run..!!!
I trade less so you might see my post every day...
but I Trust you will find the above mantra useful in planning your trade 🙂
Take care & stay blessed...!!!
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
