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Free Nifty Option Tips for Tomorrow 10th August 2017

New Strategies for Nifty: 

Strategy created on 09-Aug-2017:

Buy Nifty 31 Aug 2017 futures at 9,940 and sell one lot of bank nifty 31-Aug-2017 futures at 24,450.

Holding Period: Till Next 5-10 Days

What is the logic behind this trade?

Bank nifty is weak comparing nifty and also both the indices are forming head and shoulder pattern in the charts on 09-Aug-2017, which means further downside in the markets. So hold the position for a profit of  Rs.10,000 and square off the position if loss goes above Rs.5000.

Open Strategies for Nifty: 

Strategy created on 07-Aug-2017:

Sell 1 LOT of Nifty 31 Aug 2017 Expiry 10,000 PUT Option @ 70

Sell 1 LOT of Nifty 31 Jul 2017 Expiry 10,200 CALL Option @ 55

Holding Period: Till Next 10-15 Days

What is the logic behind this trade?

Total premium inflow for this strategy is Rs.125 and traders can continue to hold the position for target of Rs.50 with stop loss of Rs.170. The risk-reward ratio of this trade translates to 1:1.67. Maximum profit in this trade will be 125 points if nifty closes between 10,000 and 10,200 and loss of trade will start be when nifty closes below 9875 or nifty trades above 10,325.

Current Status:  Current Status : Booked loss of 45 points(i.e loss of Rs.3375).

Since Nifty closed below the strong support of 9,928  so it will be difficult for the market to recover above 10,000 in a short span of time

Strategy created on 26-Jul-2017:

Buy 1 LOT of Nifty 31 Aug 2017 Expiry 10,000 CALL Option @ 160

Sell 2 LOTs of Nifty 31 Jul 2017 Expiry 10,300 CALL Option @ 35

Holding Period: Till August Expiry

What is the logic behind this trade?

Total premium out flow for this strategy is Rs.90 and traders can continue to hold the position for target of Rs. 200 with stop loss of Rs.20. The risk-reward ratio of this trade translates to 1:1.57. Maximum profit in this trade will be 300 if nifty closes exactly at 10,300 and loss of trade will start be when nifty closes below 10,090 or nifty trades above 10,510.

Current Status:  Current Status : Booked loss of 35 points (i.e. Loss of Rs.2625).

Since Nifty closed below the strong support of 9,928  so it will be difficult for the market to recover above 10,000 in a short span of time

Click here to see the nifty view for tomorrow…!

Jun Month Nifty Strategies Performance:

Month Jun 2017
No of trades Only 3
Total Points Gained  325 Points Gained
Total Profit Rs 24,375

Click here to view the gold rates today

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