Nifty & Bank Nifty Trading Strategy as on 12 June’13

Nifty as on 11 June’13– 5788.80 (-89.20)  Bank Nifty as on 11 June’13– 11820.50 (-266.55)

After almost five frustrating sessions, finally Nifty gave breakdown. Possibility of positive reversal was negated by give move below 5850. Bank Nifty opened gap down and continued its downswing.

Nifty Trading Strategy

We have suggested Long Strangle in Nifty @ 57, which is already running in profit closing of Long strangle prices are 67.90, technically speaking traders are getting return of more than 18% on invested capital of 2800, which is Not Bad. I advise my readers to hold this position and if you find return of more than 50% than start trailing stop loss. Enjoy the ride.

Bank Nifty Trading Strategy

Bank Nifty Long Strangle is giving more than 35% returns on invested capital. As expected Bank Nifty confirmed bearish signal given day before yesterday. Recommended Long Strangle @ 128 is running at @175. I am expecting Bank Nifty to test minimum 11500 level.

Keep visiting Way2Profits, for risk-less trading strategy. And I am sure if you continue to follow us, you’ll be benefited.

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