Nifty chart set up for today & strategy for 02 July 2020 expiry
Updated
Nifty
CMP 10385
Nifty has opened at important levels for the day
Consider selling 02 July 2020 expiry
10500 Call option around 45
CMP 43
Loss in strategy if Nifty closes above 10545 on 02 July 2020
Take care & safe trading...!!!
CMP 10385
Nifty has opened at important levels for the day
Consider selling 02 July 2020 expiry
10500 Call option around 45
CMP 43
Loss in strategy if Nifty closes above 10545 on 02 July 2020
Take care & safe trading...!!!
Note
Note
As charts suggested yesterday itself, Nifty has taken support at the blue line & looks likely to have given a break out on the upside. We might see a push towards 10420 once again...
Note
Nifty 10500 Call option update CMP 19Recommended selling at 45
Current profitability
75*(45-18) = Rs 2025/- per lot
Consider booking profits as per risk appetite or book partial profit and keep Stop loss at cost for balance to ensure profitability in the trade
Happy trading...!!!
Note
Nifty intraday target of 10420 done
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