Nf

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Saturday, March 25, 2017

Nifty option strategy for expiry

Hello friends.. last week we saw nifty high 9218 and lows 9019 near almost 200 pt range....
Nifty recover from lows to form abc B wave it moved 9019 to 9134 almost 61% retracement... now going forward it going to be in range and swing moves let see how...
Highest open int is in 9200ce 60lakh plus and 8800put .. inbetween 9100 strike put and call are neck to neck in open interest...
Next week one can take strangle
Nifty 9100put + 9150CALL Total 60-65 rs or may b less as per price on monday...
Expected level once 9k brk will go 8985/55/35 to fill gap on breaking 9150 will go for new high...
Chances r first 8950 then 9270 so both side will get opportunity to book
So 60-65 rs strangle for 90/110/130 rs safe 50-100% expected
Which ever gives 100+ book that ce or pe n hold other free....
NOTE- ALL IDEAS SHARED ARE FOR STUDY PURPOSE.. FOR TRADING FOLLOW SEBI GUIDELINES