Nifty: Is Nifty shifting gears
Nifty
CMP 17308
- Nifty is still going up
- however we see Nifty is struggling to keep up with the pace
- From 30 March 2020, we observe Nifty trading in blue channel
- however since 30 March 2021 exactly after 1 year, we see Nifty struggling to stay in blue channel and subsequently it came to the midpoint of yellow channel
- currently it is at the crossroads and it looks likely it might shift to the yellow channel
- the set up has potential target of 16800 over a few weeks
Given the set up one may consider to sell 30 Sept expiry 17500 Call option around 100
The strategy has a yield potential of 6.5% approximately and provides in built loss protection for a rise up to 17600 till expiry
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
CMP 17308
- Nifty is still going up
- however we see Nifty is struggling to keep up with the pace
- From 30 March 2020, we observe Nifty trading in blue channel
- however since 30 March 2021 exactly after 1 year, we see Nifty struggling to stay in blue channel and subsequently it came to the midpoint of yellow channel
- currently it is at the crossroads and it looks likely it might shift to the yellow channel
- the set up has potential target of 16800 over a few weeks
Given the set up one may consider to sell 30 Sept expiry 17500 Call option around 100
The strategy has a yield potential of 6.5% approximately and provides in built loss protection for a rise up to 17600 till expiry
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
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