As we are seeing nifty ending almost to the high point of year it’s giving real comfort to the Bulls.
For last couple of days nifty is trying to break it's key resistance level of 5200. I suggest following option strategy for the next Jan series.
Strategy is derived to make use of Market Volatility. I believe in month of Jan we'll see very high volatility.
Options Strategy:
Buy 5100 PE - Current Price Rs. 93.50
Buy 5300 CE - Current Price Rs. 85
Total Money Paid: 8900 Rs.
Ideally you'll start making money nifty above 5350 and nifty below 5150 if nifty crosses the levels within first two weeks.
I'll keep you posted about when to exit this position.
Happy Investing!!
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