Bank Nifty View - 27 Feb 2025 - BNF Expiry short covering rally?
Today, BNF has been accumulating since morning. We can expect a big move around 3 PM. Since today is the monthly expiry, there can be a short-covering rally.
I will however not be trading in large qty but just 1 lot to observe.
I will however not be trading in large qty but just 1 lot to observe.
Note
This is a hero zero setupNote
Bollinger band in options shows accumulation and is about to continue/change the trend. Highly likely to break the trend. Hence the idea is to go long.
Trade active
Entering 48900CE around 13. Target - 50 / 62 / 78Note
This is my trade and not any adviceNote
Will start trailing after 34Note
Moving 48800 CENote
Entered at 76Trade closed: stop reached
SL of 50 hit
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.