 "Nifty50 trading strategy")
Recommended Strategy:
- Strategy: Nifty Short Strangle
- Expiry: 30APR 2025
- Strike Prices: Sell 23,400 Put @14 and Sell 24,700 Call @13
- Net Premium Inflow: 27
- Stop Loss: 52
- Target: Entire Premium Received
Rationale :
- On Monday, Nifty opened flat and gradually inched higher throughout the day, eventually closing strong with a 1.20 per cent gain
- Short-term technical indicators suggest that the market is temporarily overbought, increasing the probability of near-term consolidation.
- Significant Open Interest build up is seen at the 24,500 Call and 23,500/24,000 Put strikes, indicating a likely trading range between these levels.
- A Short Strangle strategy is well-suited to capitalize on time decay and performs best in sideways markets.
(Disclaimer:This article is by Sahaj Agrawal, senior vice president, head of derivatives research, Kotak Securities. Views expressed are his own)
 "BSE, NSE, STOCK MARKETS")
 "Lodha group, Macrotech developers")
 "The National Stock Exchange (NSE) Nifty 50 Index ended below the 200-daily moving average (DMA) after a month, with the index now down 5.3 per cent, or 1,254 points, from a high of 24,792 in just five trading sessions. It closed at 23,587.50 on Frida")
 "Shriram Finance, Shriram Group")
 "ipo market listing share market")
