hi,
Again i am seeing charts indicators Buyers are still in agony,there is no clear indication to go long and its of no use if u are not able to convincingly put your entire capital during trading because of uncertainties.
RSI shows signs of moving up.People are waiting to see if 5 Ema can be broken convincingly.Even if it breaks its really hard to go long in full throttle.
so best strategy is to write 4300 put Jan series or if you want more safety 4000 put Feb series or 4100 Feb series and 5100 call Feb series.
What will happen is that any reversal you are guarded by put written and any drastic fall is guarded by call written.
As i said 4300 is real real cheap level for nifty.Everyone will enter in full swing and also as a know support technical level we can write it.
Buyers there will be in store for you once RSI hits the overbot zone look into it and if i feel convincing enuf i will enter with some put buy.
Expect some rally whose upside is not known so write and relax is the theme of market.
Hello WB Ji, Due to Global cue, market may slightly go up today. But it is really good to enter in that short strangle. But it is really best to enter in less quantity unless a clear direction of market do not emerge. FIIs are still selling.
ReplyDeleteMay God Bless all of us.