QUANT SYSTEM TRADE RECOMMENDATION - 08.03.22

From the desk of Capt.D.Ganesh Raja

Dear Friends,

I was lucky to get good internet connectivity last night and I could download stocks data.

Nifty looks sluggish as of morning trade and based on some candle pattern and reward to risk, I would like to recommend to trade in Nifty options. Typically, if the situation would permit I would preferred to monitor with my intraday systems before making a recommendation, but since I do not have that luxury I thought might as well go ahead with it.

Buy 16150 strike Nifty call option, expiry 31.03.22. At the time of analyzing, this option was traded at 289.15, which is what I would enter in my records. Leverage for this trade 0.01x , which means we expose just 1 % of the capital.

Let us see how this trade works out.