Nifty: Chart set up, view & trading strategy
Nifty
- Nifty looks likely to attempt 12240 odd levels in weeks to come
- any dips could be an entry opportunity to go long
Given the set up, one may consider the strategy to:
Sell Nifty 24 Sept 2020 expiry 11200 Put option around 120-133
- pattern gets invalidated if Nifty is unable to hold on to 11360-11175 levels
Risk:: Reward ratio looks favorable to go long
Disclaimer:
- The view expressed here is my personal view
- 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
- F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Take care & safe trading...!!!
- Nifty looks likely to attempt 12240 odd levels in weeks to come
- any dips could be an entry opportunity to go long
Given the set up, one may consider the strategy to:
Sell Nifty 24 Sept 2020 expiry 11200 Put option around 120-133
- pattern gets invalidated if Nifty is unable to hold on to 11360-11175 levels
Risk:: Reward ratio looks favorable to go long
Disclaimer:
- The view expressed here is my personal view
- 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
- F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Take care & safe trading...!!!
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