Update:
We closed all our earlier positions during early trade hours on Friday.
Total profit was more than 2% per month or 24% pa.
New trade:
NIFTY has formed negative divergence on daily chart.Or hidden negative divergence in many NIFTY stocks such as TATAMOTORS, ICICIBANK.
NIFTY might correct from here.
Bear- spread strategy in NIFTY:
Buy 8200 NIFTY PUT around 50-60 and sell 8200 NIFTY PUT of 8000 strike price around 18-22. One should do trading with 4 lots ie 100 quantity.
Maximum loss could be near 3600/- and profit potential is more than Rs. 16000/-
Very good risk reward ratio.
Risk takers could think of selling Future contracts of ICICIBANK and TATAMOTORS for day trading. SL should be day high or previous day high for future contracts.
Disclaimer: This blog does not take any responsibility of your profit/loss.
We closed all our earlier positions during early trade hours on Friday.
Total profit was more than 2% per month or 24% pa.
New trade:
NIFTY has formed negative divergence on daily chart.Or hidden negative divergence in many NIFTY stocks such as TATAMOTORS, ICICIBANK.
NIFTY might correct from here.
Bear- spread strategy in NIFTY:
Buy 8200 NIFTY PUT around 50-60 and sell 8200 NIFTY PUT of 8000 strike price around 18-22. One should do trading with 4 lots ie 100 quantity.
Maximum loss could be near 3600/- and profit potential is more than Rs. 16000/-
Very good risk reward ratio.
Risk takers could think of selling Future contracts of ICICIBANK and TATAMOTORS for day trading. SL should be day high or previous day high for future contracts.
Disclaimer: This blog does not take any responsibility of your profit/loss.
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