FIIs are buying in huge quantity.
No weakness in market. But in broad sense nothing has changed yet. NIFTY could still be resisted at 7790-7810 level and support near 7300. See chart.
How to trade this view?
Sell NIFTY 8000 CALL of August expiry at current level ie around 40. Hold the trade till NIFTY crosses 7900 in cash. With present trend this might not happen soon.
Delta strategy in NIFTY
Sell 8100 CALL of August expiry around 20-22 and sell 7200 PUT of August expiry around 20-22. Delta is near 4% presently.
TATAMOTORS: Very safe option strategy.
It has shown good momentum from support level. But still this might not cross 510 before this month's expiry. See chart. Chances are less than 10% for TATAMOTORS to touch 510 before July 31, unless there is some extraordinary good news.
Sell 520 TATAMOTORS CALL around 1.00-1.10
Disclaimer: This blog does not take any responsibility of your profit/loss
No weakness in market. But in broad sense nothing has changed yet. NIFTY could still be resisted at 7790-7810 level and support near 7300. See chart.
Sell NIFTY 8000 CALL of August expiry at current level ie around 40. Hold the trade till NIFTY crosses 7900 in cash. With present trend this might not happen soon.
Delta strategy in NIFTY
Sell 8100 CALL of August expiry around 20-22 and sell 7200 PUT of August expiry around 20-22. Delta is near 4% presently.
TATAMOTORS: Very safe option strategy.
It has shown good momentum from support level. But still this might not cross 510 before this month's expiry. See chart. Chances are less than 10% for TATAMOTORS to touch 510 before July 31, unless there is some extraordinary good news.
Sell 520 TATAMOTORS CALL around 1.00-1.10
Disclaimer: This blog does not take any responsibility of your profit/loss
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