Nifty: At upper end of the range...
Nifty (CMP 14861)
Nifty 50 stock Quarterly Result Announcements to start next week...
- Since March 15, 2021 Nifty has been trading in the range of 14940-14460
- we see convergence of 20 day EMA and 50 day EMA
- currently Nifty at the higher end of the range
- target for the current set up - 13800-13600
- time frame: 28 May to 06 June 2021
Pattern gets invalidated if weekly closing is above 15100
Risk::Reward ratio favors short at current levels
Take care & safe trading...!!!
Our strategy update
Suggested selling Nifty 14900 Call option in the range of 54-64 yesterday
Currently the Call option is trading at 62 (in the sell range suggested yesterday making a high of 65 so far)
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
Nifty 50 stock Quarterly Result Announcements to start next week...
- Since March 15, 2021 Nifty has been trading in the range of 14940-14460
- we see convergence of 20 day EMA and 50 day EMA
- currently Nifty at the higher end of the range
- target for the current set up - 13800-13600
- time frame: 28 May to 06 June 2021
Pattern gets invalidated if weekly closing is above 15100
Risk::Reward ratio favors short at current levels
Take care & safe trading...!!!
Our strategy update
Suggested selling Nifty 14900 Call option in the range of 54-64 yesterday
Currently the Call option is trading at 62 (in the sell range suggested yesterday making a high of 65 so far)
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
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