Hope you are doing good in your trading. After a long time m starting again, my weekly analysis of Nifty & Banknifty along with some Option Strategies which we need to keep on the radar for the coming weeks.
Let’s Start with NIFTY50 INDEX: 10943.60
11000 is a very strong resistance level, which looks difficult to break as per the current chart pattern. If we analyse Weekly chart of nifty, we will find that Nifty is trading in 200-250 points ranges from last 10-15 weeks. This week too we can plan out trade based on 11000-11800, this 200 points range. if we are holding any long position it’s time to book our profit or hedge your position with some PUTs. Remember always Downside movement is much faster than Upside movement. So always keep your backup plans ready for any situation. As we are moving near to our General election 2019, volatility must be very high incoming sessions or weeks, so keep your risk management must be on high side.
Option Strategy This week: Bear Call Spread. Keep 11150 as a stop loss for this strategy. At 111500 Risk: Reward will be 1:2
BANKNIFTY IDX: 27294.40
Safe Traders can initiate an Iron Condor strategy on monthly expiry:
Post your comments in the comment box if you have a query related to these options strategies. You can ask any question related to options trading in the comment box.
If you need More real-time assistance on these strategies, Can open a trading account with us and you will get real-time assistance on every month on these hedging strategies. Click to connect on whatsapp.
I wish you profitable trading.
DISCLAIMER: – we are not a SEBI research analyst. Views posted here only for educational purposes. There is no liability whatsoever for any loss arising from the use of this product or its contents. This product is not a recommendation to buy or sell, but rather a guideline to interpreting specified analysis methods. This information should only be used by investors and traders who are aware of the risk inherent in securities trading.