Nifty has bounced by testing the trend line on 15 minute chart, Also daily chart suggest me of a resistance level which is at 5175 and then 5200 zone. So instead of short selling at that resistance I will buy nifty 5200 put option at 62 level, target will be 74 and 79, I will also exit this strategy if nifty future breaks above 5200 level and book my loss. This strategy has limited risk as we are ... [Continue Reading]
Short term range for Nifty future, Trend in near term
Nifty future has been trading in range of 200 points from starting of F&O series. In this article I will demonstrate how can a trader find out this range using a very simple method. You will need to find out nifty put which has maximum open interest here is the link. OK whats next, next thing is to get the nifty call option having maximum open interest its link is here. At this point of time ... [Continue Reading]
Nifty Futures Has Strong Resistance at 5200 level, Next Week Trading Advice is Short Sell Nifty Futures at 5200 level
Nifty futures has consolidated through this week we have seen the range for this week in nifty future was 4900 to 5166. We would initiate short positions in nifty futures at 5200 levels for downside trading targets as 5000 and then 4949 levels. Nifty has earlier faced strong resistance at 5200 zone so this can be very good opportunity to go short in nifty futures. We are confident that nifty ... [Continue Reading]