Both the indices had a subdued movement. Even though nifty opened above our mentioned level but immediately came down to trade below it. Given this fact we basically did not have any major trade on the option buying side. Sellers have had a good day. With this our previous levels still stand and would likely work well. There is some spurious activity at the 17400 strike probably due to some unwinding of straddles. Option data in Nifty is balanced.
Market has a bullish stance given the good inflation data from US and Dow had a massive gap up. So this expiry likely to be a trending one. T
Conviction bullish
Bias bullish
Trading Ideas
Long above 17541 Target 17613-17700
Short below 17485 Target 37968-37891
>>Option buying (take next expiry options)
Long Position: Buy 17700 CE
Short position: Buy 17500 PE
>>Option Selling
Sell 17500 PE with SL of 15 points
-------------------------------------------
Standard Disclaimer
Trading stocks, options and other securities involves risk.
The risk of loss in trading securities can be substantial.
The risk involved with trading stocks, options and other securities are not suitable for all investors.
The information presented in this educational material is not intended to be
used as the sole basis of any investment decisions, nor should it be construed
as advice designed to meet the investment needs of any particular investor.
Nothing in this course constitutes legal, accounting or tax advice, or
individually tailored investment advice.
WE ARE NOT RESPONSIBLE FOR ANY GAINS OR LOSSES YOU MAKE.
WE ARE NOT SEBI REGISTERED.
*SEBI Mandatory Guidelines*
*Channel Disclaimer/ disclosure*
No tips
No advice
No recommendation
No PMS advisory
This channel do not provide any tips/recommendations/advice
All updates/posts/discussions are only for education and learning purpose.
Do Consult your financial advisor before taking trading or investing decisions
Group Admin or Members not responsible for any financial losses
Disclaimer/disclosure/terms and conditions applicable to all members of this channel
All rights are reserved
Market has a bullish stance given the good inflation data from US and Dow had a massive gap up. So this expiry likely to be a trending one. T
Conviction bullish
Bias bullish
Trading Ideas
Long above 17541 Target 17613-17700
Short below 17485 Target 37968-37891
>>Option buying (take next expiry options)
Long Position: Buy 17700 CE
Short position: Buy 17500 PE
>>Option Selling
Sell 17500 PE with SL of 15 points
-------------------------------------------
Standard Disclaimer
Trading stocks, options and other securities involves risk.
The risk of loss in trading securities can be substantial.
The risk involved with trading stocks, options and other securities are not suitable for all investors.
The information presented in this educational material is not intended to be
used as the sole basis of any investment decisions, nor should it be construed
as advice designed to meet the investment needs of any particular investor.
Nothing in this course constitutes legal, accounting or tax advice, or
individually tailored investment advice.
WE ARE NOT RESPONSIBLE FOR ANY GAINS OR LOSSES YOU MAKE.
WE ARE NOT SEBI REGISTERED.
*SEBI Mandatory Guidelines*
*Channel Disclaimer/ disclosure*
No tips
No advice
No recommendation
No PMS advisory
This channel do not provide any tips/recommendations/advice
All updates/posts/discussions are only for education and learning purpose.
Do Consult your financial advisor before taking trading or investing decisions
Group Admin or Members not responsible for any financial losses
Disclaimer/disclosure/terms and conditions applicable to all members of this channel
All rights are reserved
