The NSE Nifty Future is trading at 10,793.00 with a loss of -0.20% percent or -21.65 point. The Nikkei 225 Future is trading at 22,620.00 with 0.00% percent or 0.00 point . The Hang Seng Future is trading at 30,065.00 with a loss of -0.64% percent or -193.00 point.
TODAY’S FACTORS AND EVENTS
raders can hope to rake in modest gains by initiating a risky short strangle on Bank Nifty options, which data show would trade in a 26,000-27,000 range this series. The strategy consists of selling a Bank Nifty call and put at 26,800 and 26,000, respectively, which covers the 1,000-point range when the premium for selling the strangle is included. Both the options expire on June 28. The Bank Nifty closed at 26,417.4 on Friday.
The risk lies in the index breaking sharply above or below the 1,000-point range, if global trade tensions escalate, in which case losses can be unlimited, unless the trader puts stop losses.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 25,090.48 with a loss of -0.34% percent or -84.83 point. The S&P 500 is trading at 2,779.66 with a loss of -0.10% percent or -2.83 point. The Nasdaq Composite is trading at 7,746.38 with a loss of 0.19% percent or -14.66 point.
In other parts of world, Japan’s Nikkei 225 is trading at 22,680.33 with a loss of -0.75% percent or -171.42 point. Hong Kong’s Hang Seng is trading at 30,309.49 with a loss of -0.43% percent or -130.68 point. China’s Shanghai Composite is trading at 3,021.90 with a loss of -0.73% percent or -22.26 point. India’s BSE Sensex is trading at 35,607.38 with a loss of -0.041% percent or -14.76 point at 12:15 PM.