Nifty 50 index created a flag pattern in its weekly timeframe. If index breaks the upper boundary of this pattern, it may move at least 900 points in upward direction . I like to buy the next month nifty futures after this pattern breakout. And will headge with ATM PE.
This is not a trade reccomendation, but for educational purpose only.
And if the market goes against you, you may lose about rs 17500. On closing time you will be in loss if the index doesn't cross 23200. (This calculation made based on present market levels, and it will warry according different market levels.)
This is not a trade reccomendation, but for educational purpose only.
And if the market goes against you, you may lose about rs 17500. On closing time you will be in loss if the index doesn't cross 23200. (This calculation made based on present market levels, and it will warry according different market levels.)
