Nifty: Chart setup & strategy for 09 July expiry week

Nifty
Closing Price 10607

- important support at 10513 - 10485

- important level on the upside 10658 - 10686

With Result season expected to kick-start from 09th July 2020, we might be confined in a range till then between blue trend line & red trend line.

Given the setup, on any dips in Nifty,

consider selling Nifty 09 July expiry 10450 Put option around (73-82 range would be considered by me as ideal sell range)

Take care & safe trading...!!!

Further updates during Market hours.... So keep watching

Discliamer:
- The view expressed here is my personal view
- 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
- F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be

Anulowano zlecenie:

As the market is opening with a gap up, Trade would not be executed.