Trading Ideas for November 1st week
Strategy 1 : When Nifty is around 8180-8210, buy Nifty Nov 8100 PE.
Strategy 2 : When Nifty is around 8090-8100, buy Nifty Nov 8400 CE.
Tip: Buy Maximum 100 quantity (4lots only). Aim for maximum 70% returns. Book half of your holdings when you get 50% returns on invested capital.
Risk analysis: If nifty closes below 8050 for 2 days then doors for 7700 will be open. If 8080 is protected, then doors for 8280-8370 will be opened.
Buy Call options close to 8100-8080 and Put near 8200 levels.
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