Nifty: Trading idea for 21 May 2020 expiry

15 mai 2020

Nifty CMP 9154


Weekly closing below 20 day EMA weakens the structure.

Any move towards 9220-9240 next week should be watched carefully.

Alternatively
one may consider selling Nifty 21 May expiry 9400 Call option around 75-85 ( Cmp 78)

Take care & safe trading!!!

15 mai 2020

Transaction en cours

This is daily chart




Target 8980 for Nifty spot

18 mai 2020

Transaction en cours

Nifty 21 May expiry 9400 Call update
Given sell @ 78
Cmp 36

Current profitability 75*(78-36)= Rs 3150/- per lot

Happy trading...!!!

18 mai 2020

Trade fermée: cible de profit atteinte

On Friday, although Nifty was in recovery mode in last 2 hours, we had suggested weekly closing below 20 day EMA weakens the structure & Accordingly we had positioned our trade

Result is in front of you.

Nifty has made a low of 8894 so far.

As I always say, charts do try to tell us a lot.

Learn their way of communicating & improve your chances of winning trades...!!!

Those who are interested can get in touch. Learn & grow