indiamarketoutlook

Nifty: Chart set up and trading strategy

indiamarketoutlook Uppdaterad   
NSE:NIFTY   Nifty 50 Index
Nifty

- Nifty has given a breakout from the Blue box and is now trading in the yellow box
- 252 day EMA @ 17396
- 63 day EMA near 17540
- Line of Resistance 17620 odd levels around 20 April 2023

- 21 day EMA around 17240
- Lower level of Yellow box 17220 odd levels

- RBI Policy Announcement on 6th April 2023
- Result Calendar to begin soon

View: Rangebound for the next 2 weeks
Trading Strategy: Short Strangle for Nifty 13 April / 20 April expiry


Expected trading range for Nifty till 19th April 2023
- 17620 on the upside
- 17240 on the downside

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



Handel aktiv:
Short Strangle Strategy 20 April expiry

Sell 17700 Call
Sell 17200 Put

Net receivables 141 points

Till 20 April 2023, Strategy has in built loss protection for a
- fall up to 17059 &
- rise up to 17841

Follow your Risk Management measures

Take care & safe trading...!!!

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