Last week nifty spot moved only between 5624-5747.65 within 123 points
but this week we can expect a good move on either side
two things are there in this week 25th Monetary Policy announcement and 27th F&O expiry.
so do the trading with strict stop loss .
Nifty is having strong support at 5600 and next support is at 5550 if it goes below then it will go upto 5400
Nifty is having resistance at 5750 once it closes above this level it can go upto 5865 and 5980
To utilize this opportunity go for LONG STRANGLE strategy by
buying 5800 CE at Rs 13 and buy 5600 PE at 13
maximum loss Rs1300
maximum gain unlimited
but this week we can expect a good move on either side
two things are there in this week 25th Monetary Policy announcement and 27th F&O expiry.
so do the trading with strict stop loss .
Nifty is having strong support at 5600 and next support is at 5550 if it goes below then it will go upto 5400
Nifty is having resistance at 5750 once it closes above this level it can go upto 5865 and 5980
To utilize this opportunity go for LONG STRANGLE strategy by
buying 5800 CE at Rs 13 and buy 5600 PE at 13
maximum loss Rs1300
maximum gain unlimited
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