Nifty at 240 day EMA and trading strategy
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Nifty
- RBI Policy Meet on 28Sept- 30 Sept 2022
- Result season is about to begin
and Nifty is near 240 day EMA
Important Fibonacci level that may provide Support
61.8% retracement 16293
76.4% retracement 15868
Important Resistance zone
17166-17320 zone
17758-17820 zone
Given the set up one may consider to go for a Short Strangle strategy in Nifty for Oct series
Sell 15800 Put option and
Sell 17800 Call Option
The strategy has a profit potential of 10% and gives a protection
- for a fall up to 15620 odd levels on the downside
- for a rise up to 17980 odd levels in the up side
That's a protection of approximately 1200 points on either side from current levels. However do understand that trading in F&O involves risk. Read the disclaimer carefully.
Do Like and Share if you find it useful.
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- 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
- RBI Policy Meet on 28Sept- 30 Sept 2022
- Result season is about to begin
and Nifty is near 240 day EMA
Important Fibonacci level that may provide Support
61.8% retracement 16293
76.4% retracement 15868
Important Resistance zone
17166-17320 zone
17758-17820 zone
Given the set up one may consider to go for a Short Strangle strategy in Nifty for Oct series
Sell 15800 Put option and
Sell 17800 Call Option
The strategy has a profit potential of 10% and gives a protection
- for a fall up to 15620 odd levels on the downside
- for a rise up to 17980 odd levels in the up side
That's a protection of approximately 1200 points on either side from current levels. However do understand that trading in F&O involves risk. Read the disclaimer carefully.
Do Like and Share if you find it useful.
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- 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
Note
Short strangle strategy updateNet receivable 181 points
CMP (36+28) = 64 points
Profit of 181-64 = 117 points so far
Trust the analysis helped 🙏🙏
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