indiamarketoutlook

Nifty: Chart set up and trading strategy

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indiamarketoutlook 已更新   
NSE:NIFTY   Nifty 50指數
Nifty

- The zone of 18350-18445 is potential resistance zone

- the zone of 17600-17800 is an important support level to watch out for

Given the set up one may consider to sell Nifty 25 Nov expiry 18600 Call option currently around 200


Strategy has max profit potential of Rs 10000/- per lot till expiry and in built loss protection for a rise up to 18800


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


評論:

The resistance zone identified with the help of Technical Analysis shows its magic.
It hovers around the zone for 5 hours but didn't have the energy to go past and falls from the resistance zone highlighted.

Those who took trading decisions based on Technical have been rewarded today.
Nifty 18600 Call option after giving ample opportunity to sell at a higher price is currently trading at 138


Enjoy and happy trading...!!!
交易結束:目標達成:
Nifty has reached the line of support zone on the 1st day of November series.

Consider profit booking...
Shut shop for the day and enjoy your weekend...

You can choose to Follow me for more such ideas

Happy trading...!!! :-)

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