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Over the years, one financial instrument that piqued his interest was options. This interest led him to develop a strategy, which is a variation of a Short Strangle for NIFTY 50 options contracts.
As wild swings can result in heavy losses, conservative traders can stay away
Day trading guide: 4 stock recommendations for Friday SECTIONS Last Updated: Jan 14, 2021, 07:21 PM IST Share Synopsis If the index sustains above the same continuation of uptrend, it will continue to head towards 14,700 -14,775. INSIGHTS NSE Nifty Hammer candlestick formation followed by inside body candles clearly indicate indecisiveness between the bulls and the bear. However, the medium-term texture of the market is still on the bullish side, but the daily and the intraday charts suggest that the uptrend may take a temporary pause near 14,620. If the index sustains above the same conti...
Day trading guide for Friday SECTIONS Last Updated: Dec 17, 2020, 06:55 PM IST Share Synopsis Agencies NSE Kotak Securities The index has formed an uptrend continuation formation, which is broadly positive for the market. However, intraday charts are indicating an overbought situation and high chances of a short-term correction is not ruled out if the Nifty sustains below 13,700. For the next few trading sessions, 13,700 should be the key level for the bulls. If it sustains above the same, then the uptrend rally is likely to continue up to 13,840/13,850. On the flip side, trading below 13,700...
Day trading guide for Friday SECTIONS Last Updated: Dec 10, 2020, 09:10 PM IST Share Synopsis The chart indicates a reversal formation in the Nifty50 index that has been formed after hitting the lows of 13,400. INSIGHTS NSE Weak US and Asian markets dragged the Indian market lower on Thursday with the Nifty50 index slipping below the 13,400 levels. Selling in Bank Nifty added to the fall. However, buying in FMCG heavyweights like ITC, HUL, Nestle and Britannia helped the market recover from its lower levels. The chart indicates a reversal formation in the Nifty50 index that has been for...