Nifty Jan 2023 expiry view and my trading strategy

22 янв. 2023 г.

Nifty
Chart analysis
Jan F&O series has been completely rangebound between 17761-18265 (just 504 points range or a mere 2.8% range).
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Although Nifty was very volatile during this time moving up one day and down the next and making it difficult to trade, it worked out smoothly for our Short strangle Strategy recommended earlier (Selling 17800 Put and 18300 Call with 406 points for the taking)

If any one has taken position, profit booking should be considered.
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Important levels going forward

Important levels to watch out for on the upside 18096 / 18120 / 18160 / 18202

On the downside 18038-18013 / 179520 / 17858 / 17786-17733.
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My trading strategy

Now that we have understood the important levels, I would be closely watching out for 18096-18160 levels on the upside. If Nifty gets resisted then I might look to sell Call options in Feb series with a SL at 18250 spot levels


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Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be

23 янв. 2023 г.

Заметка

Nifty spot made a high of 18162 (that is the level I have suggested 18160)

Accordingly Feb expiry 18500 Call short done at 165