Nifty: Chart setup, chart view and trading strategy
Nifty
Chart set up
Since Jan 27, Nifty has traded for 12 days inside the candle body of 27 Jan 2023.
Chart view
Whether the breakout is real? The real challenge would come above 18000. Whether it is able to sustain above that.
On the downside watch out for 17860 odd levels. If that level is taken out, Nifty might fall towards 17600 / 17400 odd levels and below 17400 further down towards 16800 can not be ruled out.
My trading strategy:
Bear Call Spread strategy for Mar series
Sell Nifty 29 Mar 2023 series in 2 tranches
18200 Call option currently around 214 -215 &
Buy 18500 Call Option currently around 98-100
Net Premium receivable 115-116 points (Rs 5750-5800) per strategy lot
On a margin requirement, it gives a profit potential of approximately 18.2% till 29 Mar 2023.
It has an inbuilt risk cover for a rise up to 18315 till 29 Mar expiry.
There is a possibility of Nifty heading towards 18030 odd levels in 1-2 days.
If Nifty struggles above 18000 then I would use the 2nd part to sell.
Plan your trade accordingly...!!!
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
Chart set up
Since Jan 27, Nifty has traded for 12 days inside the candle body of 27 Jan 2023.
Chart view
Whether the breakout is real? The real challenge would come above 18000. Whether it is able to sustain above that.
On the downside watch out for 17860 odd levels. If that level is taken out, Nifty might fall towards 17600 / 17400 odd levels and below 17400 further down towards 16800 can not be ruled out.
My trading strategy:
Bear Call Spread strategy for Mar series
Sell Nifty 29 Mar 2023 series in 2 tranches
18200 Call option currently around 214 -215 &
Buy 18500 Call Option currently around 98-100
Net Premium receivable 115-116 points (Rs 5750-5800) per strategy lot
On a margin requirement, it gives a profit potential of approximately 18.2% till 29 Mar 2023.
It has an inbuilt risk cover for a rise up to 18315 till 29 Mar expiry.
There is a possibility of Nifty heading towards 18030 odd levels in 1-2 days.
If Nifty struggles above 18000 then I would use the 2nd part to sell.
Plan your trade accordingly...!!!
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
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.