Strategy for Nifty Week Starting 25 Aug 2014
On Monday only my strategy will be
if Nifty opens weak
then wait for dip below 7850 before going long if I felt like.
If Nifty open Strong
To buy 8000 Put if Nifty starts trading above 7950 levels.
Currently its trading at Rs.82.70.
Hope to buy it near Rs 60.
Thne put a stop loss of Rs 10-15. and wait.
Looks like a low risk strategy.
lets see !
Happy Investing
Update on 28 Aug 09: 20
Slight change in tactics.Now short is only if nifty crosses 7950 and falls back to 7915.otherwise I am going to stand aside.No longs today.
May short nifty above 7950 but risk is high.But even then the trade is not ruled out.
On Monday only my strategy will be
if Nifty opens weak
then wait for dip below 7850 before going long if I felt like.
If Nifty open Strong
To buy 8000 Put if Nifty starts trading above 7950 levels.
Currently its trading at Rs.82.70.
Hope to buy it near Rs 60.
Thne put a stop loss of Rs 10-15. and wait.
Looks like a low risk strategy.
lets see !
Happy Investing
Update on 28 Aug 09: 20
Slight change in tactics.Now short is only if nifty crosses 7950 and falls back to 7915.otherwise I am going to stand aside.No longs today.
May short nifty above 7950 but risk is high.But even then the trade is not ruled out.
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