Nifty & Bank Nifty Trading Strategy for 18 June’13

Nifty as on 17 June’13– 5850.05 (+41.65)    Bank Nifty as on 17 June’13– 11971.05 (+48.10)

Nifty and Bank Nifty both moved higher in first day of the week. It seems that Bulls are betting aggressively, and Bears are cutting their hands. Whatever the case may be

Nifty Trading Strategy

As we mentioned in our weekly article, traders should wait for 5870 to break. Although looking at yesterday’s price action it seems effortless for Nifty. Above 5870 Nifty has first target of recent swing high of 5975.

Risk takers can go long in Nifty above 5870 with some financial stop loss. Traders can initiate Long Call Option Trading Strategy.

 Nifty Option Strategy – 18 June’13
Strike Price Options Recomm Lot Size Stop Loss
5900 CE 45 50 25

Bank Nifty Trading Strategy

Bank Nifty is still trading under risk, we would advise to wait for one more day.

Bank Nifty Long Strangle is also giving near about 60% return. I am sure many of you must have booked the position already, if not than book it.

At Way2Profits, we always give you unbiased view. Please, don’t take our ideas as trading recommendations, it is just for educational purpose only, and we don’t accept any responsibility for the same.

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