Options The Nifty reversed sharply from the expected level of 10550, which was 61.80 retracement resistance level for the market as well as it was a crucial earlier support level for Nifty in the year 2019. Below the level of 10300, Nifty would try to find support at 10180 or at 10150. A close below the level of 10150 would be negative. On the higher side, 10300 and 10350 would be major hurdles. For bank Nifty, 21100 and 21000 would be major supports. The resistance exists at 21600 and 21800. The strategy should be to take a contra bet of buying call options on Nifty between 10180 and 10150 and for Bank Nifty buy call options between 21100 and 21000. Keep a final stop loss at 10100 and 20900 respectively.By Admin, 5 years ago
Options Buy Nifty July monthly exp 10500 pe 1 lot at 365, sell 10000 pe 1 lot 182 spread -175 to -180, sell nifty Aug monthly exp 10500 pe 1 lot at 480 and buy 10000 pe 1 lot at 290 spread 175 to 180. max loss 1.5 k above 10800 profit 4200 below 10300 hold 10 trading days . Margin 60kBy Admin, 5 years ago
Options Buy jubilant food July future @1755-1765 and sell 1800ce 90-95 target 1895. Sl 1620 (time frame July expiry )(covered call)By Admin, 5 years ago
Options Nifty Daily View Since the last five days, the market is moving upward. On Tuesday, Nifty closed at 10480, which is 100 points away from the major hurdle of 10590. During the year 2019 whenever, the market has fallen it got arrested between the levels of 10600 and 10500. As per the theory of Fibonacci retracements, the ratio of 61.80 acts major support or resistance for stocks or indices. At 10550, Nifty will approach to 61.80 levels (as per Fibonacci retracements) and to the earlier major support that would act as major barrier. Between these levels, the Nifty may pause. May consolidate. Traders should be cautious between the levels of 10500 and 10600. We should not be in a hurry to re-enter into the market if it corrects from higher levels. Buying is advisable only on deep declines.For Nifty support exists at 10400 and at 10330. Bank Nifty is also approaching to the major resistance level of 22500/22600. In the short term, we should be careful while adding long positions. For Bank Nifty support exists at 22000 and 21800.By Admin, 5 years ago
Options Form debit calendar spread in nifty 10200 strike call and put . Example buy august 10200 ce , 10200 pe one lot each and sell 10200 ce and 10200 pe each one lot . margin 45000, cash needed 15000 expected profit 15000 and loss 4500 hold 10 to 12 trading days . Note buy sell spread must not be above 112By Admin, 5 years ago
Options On Monday, with the support of positive US futures our markets opened higher and managed to close higher. Nifty and Bank Nifty both have changed the trading range by crossing the levels of 10330 and 21810 respectively. The new trading range could be between 10150 and 10550 for the Nifty. For the Bank Nifty, it could be 21500 and 23000. Bank Nifty should outperform Nifty in the next upward movement. Nifty has formed a doji star formation at the top of the current rally. A doji formation conveys a sense of indecision or tug-of-war between buyers and sellers. Neither bulls nor bears were able to gain control and a turning point could be developing. Buying should be done in the market either on dips or only if it crosses the level of 10410. Supports exists at 10250 and 10150. For bank Nifty 21400 and 21100. The world markets would be influential for our market.By Admin, 5 years ago