Nifty: Bullish Harami Candlestick pattern

20 may 2020

Nifty Closing price 8879

- we observe bullish harami candlestick pattern

- Hence shorting this structure might not be a good idea.

- It might be buying on dips or no trade

- ideally 8806 should not be breached but given the current volatility, will be keeping some flexibility for levels of 8758-8766 levels.

We might consider selling Put options as our strategy to trade

Take care & safe trading...!!!

20 may 2020

Operación activa

As suggested in pre - opening itself, we have sold Nifty 8800 Put at 57.

High made 63 so far

20 may 2020

Operación activa

Nifty cmp 8956


Nifty 8800 Put option update

CMP 18

With 40 points already in ...

consider selling 8900 Put option in range of 44-52 (Cmp 45.5)

Keep a sl at 63 for 8900 put option

Take care & safe trading...!!!

21 may 2020

Operación cerrada: objetivo alcanzado

Nifty 8900 & 8800 Put option are trading at 0.6 & 0.4 & should expire worthless at 0

Current profit 75*(57+45) - 1 = Rs 7575/-

Enjoy & have a nice day...!!!

21 may 2020

Nota

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