LT
If LT goes below 1610, it could go to 1475 in next few trading sessions.
It is perfect double top pattern if there is follow up action tomorrow.
As a first step it should go below 1610.
Bear spread strategy
Buy 1580 PUT around 37/- and sell 1520 PUT around 17.
Maximum loss about 5000/- and maximum profit potential 10000/-
Very good risk reward ratio.
Bank NIFTY
It is due for correction, unless it goes back to the channel.
Correction possible about 1000 points.
Good double top pattern.
Bear spread strategy
Buy 14400 PUT around 200 and sell 13900 PUT around 75/-
Maximum loss about 3200/- and maximum profit around 9200/-
Risk takers can buy only PUTs with appropriate SL.
Disclaimer: This blog does not take any responsibility of your profit/loss
If LT goes below 1610, it could go to 1475 in next few trading sessions.
It is perfect double top pattern if there is follow up action tomorrow.
As a first step it should go below 1610.
Buy 1580 PUT around 37/- and sell 1520 PUT around 17.
Maximum loss about 5000/- and maximum profit potential 10000/-
Very good risk reward ratio.
Bank NIFTY
It is due for correction, unless it goes back to the channel.
Correction possible about 1000 points.
Good double top pattern.
Bear spread strategy
Buy 14400 PUT around 200 and sell 13900 PUT around 75/-
Maximum loss about 3200/- and maximum profit around 9200/-
Risk takers can buy only PUTs with appropriate SL.
Disclaimer: This blog does not take any responsibility of your profit/loss
No comments:
Post a Comment