Consider selling Nifty for target of 17080 / 17030 till expiry
SL : Exit if closing is above 17450
High risk traders may consider buying 30 Sept expiry 17200 Put option currently around 90
The view could be biased because of previous update
Previously had suggested selling 17500 Call option at 100
Overall we now have synthetic short (giving us protection for a rise up to 17510 till 30 Sept expiry)
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
Kommentera
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For risk management, when buying naked options, do not invest more than 3-5% of total capital
For eg: If you have Rs 5 lakhs for trading
Then, it is advisable to limit your Option buying to Rs 9000 - Rs 15000/-
I think from monday onwards downtrend possible let see what happens
indiamarketoutlook
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@salavudeen, Today we had a major announcement from Seetharaman... Let us see how things pan out tomorrow... Will it rally more or Whether the good news has been factored in...