Nifty: Chart view & strategy for the month of June
Updated
Nifty
Closing Price 9580
Nifty is well placed to attempt 10135 / 10336.
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One may consider selling Nifty 25 June expiry 9300 Call option in the range of 200 - 250
Max profit potential Rs 15000/- to 18750/- per lot
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All this, is in line with the view posted on 30th April when Nifty was at 9750 odd levels, we had suggested after seeing a drop Nifty might come back to to test 10200-10435 in the next 2 months. Do read it to get the whole picture and how technical analysis can help you improvise your trade. You would also then understand why some of my recent ideas like Maruti, Hindalco, Vedanta all have a positive bias with 10% gain potentials.
We started our bullish journey on 20th May when Nifty was at 8879, (very much close to bottom)
& on 21 May we had suggested Nifty to head towards 9320 in the next 5-7 days & that's exactly what we have seen.
Going forward any dips towards 9466-9504 may provide a good opportunity to go long
Take care & be safe.
Closing Price 9580
Nifty is well placed to attempt 10135 / 10336.
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
One may consider selling Nifty 25 June expiry 9300 Call option in the range of 200 - 250
Max profit potential Rs 15000/- to 18750/- per lot
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
All this, is in line with the view posted on 30th April when Nifty was at 9750 odd levels, we had suggested after seeing a drop Nifty might come back to to test 10200-10435 in the next 2 months. Do read it to get the whole picture and how technical analysis can help you improvise your trade. You would also then understand why some of my recent ideas like Maruti, Hindalco, Vedanta all have a positive bias with 10% gain potentials.
We started our bullish journey on 20th May when Nifty was at 8879, (very much close to bottom)
& on 21 May we had suggested Nifty to head towards 9320 in the next 5-7 days & that's exactly what we have seen.
Going forward any dips towards 9466-9504 may provide a good opportunity to go long
Take care & be safe.
Note
Kindly make a note, In the above strategy It is 9300 Put option that may be considered to sell & not Call optionThanks to everyone for notifying me early. :-)
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