Nifty Sept series sell call at 5600 level makes good ST/BT: Devang Visaria

Devang Visaria, Chief Strategist, devangvisaria.com

Any BT/ST idea from the high flying ones that are doing well right now?

Devang Visaria: I think to take a good ST/BT idea you could look at selling the 5600 call option for the September series. I think if one has a positional call with the stop loss of around 70 bucks or so I think you stand a very great chance of pocketing at least 50% of the premium that is going on right now for the 5600 call.

I think markets possibly likely to take a breather around this 5600-5650 range so possibly you are looking for a pullback back to 5500 over the next 3 or 4 trading sessions and its likely to be very fast pace trading so I think good ST/BT idea to sell the 5600 call option.