Bigbear2022

Bank Nifty options 11 Mar 2020 - Yearly Lows

Long
NSE:BANKNIFTY   NIFTY BANK
As discussed live Bank Nifty found support just under 26000 which might also mark a yearly low or near about +- 300 points.
As we can see immense negativity all around the globe, lot of traders have asked me where can this mayhem end because even if you try shorting a vix of 30-40 you are bound to get knocked down.

I know I can be proved wrong next week but I feel this week should mark as a medium term low in global equities.

Decision Range
26437-26536
Support for the day
25895
Resistance for the day
27062
Expectation
Range bound day , with sharp rally into close , 27000 might be tested
My trade
I'll try to short puts near support
Real time updates
I'll update whenever I get time
I have posted multiple straddles which gave money in hours

Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.

Comments

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