Nifty: Chart setup & strategy for 18 June expiry
Nifty
cmp 9675
Chart explains everything.
Given the setup
One may consider selling Nifty 9300 Put around 65
Exit If Nifty closes below 9520
The strategy will be in loss if 18 Jun expiry closing is below 9235. However we would be skeptical if Nifty closes below 9520 giving us ample opportunity to adjust.
Take care & safe trading...!!!
cmp 9675
Chart explains everything.
Given the setup
One may consider selling Nifty 9300 Put around 65
Exit If Nifty closes below 9520
The strategy will be in loss if 18 Jun expiry closing is below 9235. However we would be skeptical if Nifty closes below 9520 giving us ample opportunity to adjust.
Take care & safe trading...!!!
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