Technically Nifty seem to be doing a broadening formation at the top which is bearish.
If it can hold above 5035-5040 zone, it will make new highs. Closer to the broadening tops, writing out calls is a better strategy. Buying puts & selling futures can be done by aggressive kinds around 5165-5225 zone.
4 comments:
Dear Ilango,
Is it better to write 5300 or 5400 calls for this month ?
Dear Ilango,
In 15th post it was 'bought @5005 and trade 5085/5100 --- 5150/5165'
And todays post 'Traded and bought 5135 & 5080'
'bought 5080 Trade 5060/5075 to 5150/5165'
Bought @5005 was sold @ 5135 and again bought @ 5080. How can we pre judge this levels 5135 & 5080 from 15th post. Please explain which will be very usefull to understnd your views.
Hi..Kapil,
you need to write the calls where you have more premium. SO 5000 is better. Aggressively 4900.
Hi..Raj.,
The levels mentioned are Nifty spot. Traded levels are of the future.
Post a Comment