Indeks Nifty 50Panjang
Nifty: Election results... chart set up... trading strategy
Telah dikemas kini
With Election results behind us, let us look what the chart is trying to tell us
We see Nifty respecting 22653-22705 odd levels both as support, then resistance. Now Nifty is trading above that zone
Nifty trading above 200 day EMA... 63 day EMA... 21 day EMA... 5 day EMA
Given the chart set up, one may look to buy any dips.
My preferred trading strategy
Sell 13 June expiry 22700 Put option currently trading around 148-150
Profit potential of around 6.5% per lot on Margin
Time period: 5 trading days
Strategy has inbuilt Protection for a fall in Nifty price up to 17550-17552 odd levels till 13 June 2024
Trading in F&O involves risk
Pls follow Risk Management measures
Consult your financial advisor before taking any decision
Take care and Safe trading...!!!
We see Nifty respecting 22653-22705 odd levels both as support, then resistance. Now Nifty is trading above that zone
Nifty trading above 200 day EMA... 63 day EMA... 21 day EMA... 5 day EMA
Given the chart set up, one may look to buy any dips.
My preferred trading strategy
Sell 13 June expiry 22700 Put option currently trading around 148-150
Profit potential of around 6.5% per lot on Margin
Time period: 5 trading days
Strategy has inbuilt Protection for a fall in Nifty price up to 17550-17552 odd levels till 13 June 2024
Trading in F&O involves risk
Pls follow Risk Management measures
Consult your financial advisor before taking any decision
Take care and Safe trading...!!!
Nota
Pls note the correction:Strategy has inbuilt Protection for a fall in Nifty price up to 22550-22552 odd levels till 13 June 2024
Nota
Nifty has given a nice 250 plus point jump so far from levels, when idea was published.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.