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

Nifty as on 12 June’13– 5760.20 (-28.60)    Bank Nifty as on 12 June’13– 11814.85 (-5.65)

It seems that after steep fall of last two sessions, Nifty and Bank Nifty took halt from falling spree. Both Nifty and Bank Nifty found support from its 200 Exponential Moving Average (EMA). Now whether this important average will be taken away or not will be a crucial point to watch for. If yesterday’s low will be taken away then it will be signal that weakness will persist.

Nifty Trading Strategy

Long strangle suggested was giving nearly 40% return, when high and low of call and put option taken together. Traders can book the position in an intraday. On closing basis strategy @ 62.

Bank Nifty Trading Strategy

Bank Nifty Long Strangle gave excellent return of 58% on high and low basis. I hope my readers must have minted good money from this strategy.

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