NMA daily charts of Nifty turns to sell signal after 3 months(Approx)… with current trailing stop loss comes near 5536.
A long call butterfly spread consists of three legs with a total of four options: long one call with a lower strike, short two calls with a middle strike and long one call of a higher strike. All the calls have the same expiration, and the middle strike is halfway between the lower and the higher strikes. When a butterfly spread is implemented properly, the potential gain is higher than the potential loss, but both the potential gain and loss will be limited.
Long 1 Lot of 5500 PE @ 137.50
Short 2 Lot of 5300 PE @ 63
Long 1 Lot of 5100 PE @ 27.20
Maximum loss of Rs 2000 below the break even point 5138 abd above 5463. Profits if nifty expire between 5138 and 5463 and maximum profit of Rs 8000 if nifty expire at 5303.