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Free Nifty Option Tips for Tomorrow 14th August 2017

Open Strategies for Nifty: 

Strategy created on 10-Aug-2017:

Buy Nifty 31 Aug 2017  10,200  PUT  @ Rs 340.

Holding Period: Till Next 5-10 Days

What is the logic behind this trade?

Nifty has confirmed head and shoulder pattern in the charts on 09-Aug-2017, which means further downside in the markets we expected market to hit 9700 levels in the days to come if nifty breaks 50-Day EMA placed at 9,770. So hold the position with at target of 460 and stop around 270.

Current Status:   Target Achieved of 120 points (i.e Total Profit of  Rs.9000)

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.

Current Status:  Current Status : Loss of  325 points

Bank nifty can go to 23,700 levels in the days to come.

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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