Nifty & Bank Nifty Trading Strategy as on 11 June’13

Nifty as on 10 June’13– 5878.00 (-3.00)     Bank Nifty as on 10 June’13– 12087.05 (-144.45)

 Market playing hide and seek with traders. Just see price change in last five trading sessions.

 Date Close Change
4/6/2013 5919.45 -19.85
5/6/2013 5923.85 4.4
6/6/2013 5921.4 -2.45
7/6/2013 5881 -40.4
10/6/2013 5878 -3


Nifty Trading Strategy

It is really difficult for taking a call on market, when you don’t get any conclusive move to decide for further action.  Bank Nifty made a low of 12017 but gave close above 12070 at 12087, but it seems that now Bank Nifty can continue to move lower.

Yesterday’s high low in Nifty will play decisive role to take action; 5935 on higher side and 5855 on the downside. Conservative traders should wait for going long in Nifty above 5975.

According to me it is one more opportunity to Long Strangle in Nifty.

Nifty Long Strangle- 11 June’13
Strike Price Options Recomm Lot Size Investment
6100 CE 25.85 50
5700 PE 31.25
57.1 50 2855

Keep financial stop loss, I am sure this strategy will earn you more than 25-30% return. But don’t execute at higher prices.

Bank Nifty Trading Strategy

Bank Nifty, broke the support and gave me first signal to turn bearish, I am just waiting for one more close. Suggested Long Strangle at Rs. 128/- is already running in profit, hold this position. (To view strategy click here)

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