Nifty: Will Nifty get rejected at blue line again???

已更新
Nifty
CMP 14250

- Yesterday's close truly reflects the importance of Data Analysis along with Technical Analysis.

- On the options front Retail traders are Net Call Buyers and Net Put Sellers (Bullish)
- FIIS are Net Call and Put buyers (Neutral)
- Proprietary traders are Net Call Sellers and Net Put Buyers (Bearish to sideways)

- Majority of Call sellers would be happy if closing is below 14200 and would not be much bothered even if closes at 14252
- For majority of Call Buyers to profit, they would want Nifty closing above 14252


This is what data reflected yesterday. ( message in private for more details)

- Our weekly Nifty expiry strategy (updated here and closed in profit) tries to capture the essence of Data analysis along with Technical Analysis.

So don't forget to Follow


Going forward,

- we see Nifty price getting rejected twice from the blue trendline
- if we see the rejection again, chances of Nifty breaking the yellow support line would increase and it may eventually fall up to 14030 and possibly even 13800

One may Consider the following strategy for Nifty
Sell Nifty 28 Jan expiry 14500 Call option around 120
Buy Nifty 28 Jan expiry 14700 Call option around 58

The strategy has max profit potential of Rs 4650/-per lot giving a yield potential of 13% till 28 Jan 2021

In built Loss protection for a rise in price up to 14562 till 28 Jan 2021

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
交易進行
- Nifty has closed above the blue line
- Our strategy update

Nifty 14500 Call LTP 169 (sold@ 120) - Loss of 49 points
Nifty 14700 Call LTP 93 (bought at 60)- Profit of 33 points

Net negative by 16 points only

This is where strategies can be a real blessing in disguise.

Despite Nifty movement not in our favor, it keeps us in better control of the situation and more importantly it keeps us in the game....

We will see if any adjustments needs to be made Monday morning...!!!

Take care and happy weekend 😊
CALLChart PatternsfuturesNIFTYoptionsputshortSupport and ResistancetradingideastradingviewTrend Analysis

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