Bank Nifty options 13 Jan 2020 Short

Nifty Bank IndexNSE

Description

⋅ Jan 10, 2020 10:33 AM

As discussed Bank Nifty sold off near our resistance and fell back deep into our decision range giving hefty gains to call shorts and put longs.

Decision Range
32113-32154
Resistance for the day
32309
Support for the day
31917

Expectation
Sharp Down move during mid day might come

My trade
I'll try to short calls near resistance

Comments

shreeservices

⋅ Jan 11, 2020 3:06 AM

I have brought put of 31800 with premium 220. Now price running around 170. Will it go up?

Please confirm.

Bigbear2022

⋅ Jan 11, 2020 6:15 AM

@shreeservices, 31800 is fine , but premium can be an issue if market doesn't come to 31800 soon enough , so keep that in mind

shreeservices

⋅ Jan 11, 2020 9:18 AM

@Bigbear2022, Market reversal not possible? So if not then its better to exit at 170..

Bigbear2022

⋅ Jan 11, 2020 9:32 AM

@shreeservices, well i'm giving levels daily , what's the rush to buy and hold positions overnight , daily you get enough food on table , why bother gap up gap downs

shreeservices

⋅ Jan 11, 2020 10:02 AM

@Bigbear2022, Earlier I have stopped visiting tradingview. Yesterday when I visited u r site I saw u r post & responded. Will follow ur massages now onwords.

thejaelango2005

⋅ Jan 11, 2020 11:10 AM

@Bigbear2022, from today l started following u

InvestPro_India

⋅ Jan 10, 2020 9:15 PM

Thanks, sir for providing your outstanding analysis. I have a question if we short call near resistance what should be the SL? Also, i generally sell 200 OTM Call/Put, is it the right approach?

Bigbear2022

⋅ Jan 11, 2020 6:14 AM

@rachitstnd, written about the system in a new post , you can go through it

InvestPro_India

⋅ Jan 11, 2020 2:35 PM

@Bigbear2022, Thanks

Shiksha

⋅ Jan 10, 2020 3:14 PM

Seamless Analysis...Bang on. I feel confidant taking trades based on your Analysis