NIFTY - Weekly selling momentum has bottomed: BUY CALLS
Atualizado
- Nifty has bottomed on a weekly basis and bounced back from the 16900 levels - clearing all shorts
- Historically this has happened a few times - and every time it does tend to revert back to the mean - in this case 17800
- On Monthly charts - there is a reversal in momentum for the first time since 2021 end
- How to play this? Implied vol for June options is incredibly cheap at just 11% (Maybe in the bottom 10 percentile)
- Buy 17500 call and sell the 18000 / 18500 call for june for a 1:2 risk reward
NIFTY
Nota
Continues to be a pattern to hold - target 18000 by may or jun 2023Trade ativo
Can add some more and pyramid into the position - the market continues to gring higher - although i think the bank nifty is a far better instrument to trade into strenghtTrade fechado: objetivo atingido
Target on May calls reached. Now roll to June - will make a new ideaTrade made 100% of the target set out as Nifty touches 18300
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