Nifty
Strategy update for 31 Dec 2020 expiry
Based on Data analysis and risk management, we suggested selling 13650 Put option between 36 -42. It gave ample opportunity to sell in the said zone and closed the day at 13.40. The strategy is active and is in Profit.
Going forward important levels till December 31, 2020 expiry
Important support levels : 13882 / 13829 / 13765 / 13734
Important levels on the upside : 13980 / 13998 / 14022 / 14063
Based on our Data analysis, Nifty Support likely to have shifted upwards and 13829 could be an important level and can potentially act as strong support till year-end.
On the upside, 14063 could potentially act as a resistance level…
Take care & safe trading…!!!
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This is what we shared with our closed members in yesterday's report.
Important support levels : 13845 / 13824 / 13765 / 13734
Important levels on the upside : 13933 / 13980 / 14039
13734 is an important level for Nifty and likely to act as strong support levels till year-end.
On the upside 13980 – 14039 could be an interesting zone to look out for…
We saw most of these levels being respected
Nifty made a high of 13967 just 13 points shy of our R2 level then made a low of 13859 just 14 points off our support 1 level mentioned
and finally closed at 13032.60 right at Resistance 1 mentioned at 13933
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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
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- 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