Before the result calendar starts Nifty has had a one way rally and is now trading near 76.4% retracement levels of the entire fall from 18604 odd levels to 16410 levels.
Given the set up, one may consider selling 18300 Call Option in the range of 130-166
Take care & safe trading...!!!
Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
What a call on this . On those levels no one would have suggested selling 18300 calls. World was talking about ATH above 18300
samratkakkar
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So if market corrects, that would be because results are not as per the expectations? Or it’s a pure technical view ? And what would be the stop loss for this ?