Let's talk about options writing ideas to generate consistent income.
Objective is to get 25% p.a. returns on investment, irrespective of market conditions
#Nifty50 short covering rally of 100+ points post 1:30, however due to weekend #BankNifty writers are not giving up 56000, if #deal news further strengthens over weekend then we can see further 3-4% upside in Nifty50 & BN
With a new deadline in #IranWar#truce#deal is before #EoD#trader are feeling relieved and hope there is no anxiety filled weekend.
#vix reduction is welcome
Most likely it will be a CE selling day.. hold it till pre-open is over
#Friday movements will be critical
Apparently last 2 days global market action indicates worst is over as far as #IranWar is concerned & #crude shocks will be limited & possibly $90-100 is going to be new normal.
PE Option writing to continue for #nifty to begin with, view may change in pre-open.
#StockMarket
With failed #negotiation in #IranWar leading to blockage of #oiltanker will certainly clog #stockmarket#heart & will have #mildattack
So better to start with #CE writing, 24000 & above as per your risk appetite, with today's weekly expiry better to carry light into holiday
#nifty today's possible trade..
Lookat pre-open and then trade as per your risk appetite ..
start with CE and then looking at market mood PE
#IranWar#crude#stockmarketnews