DhirajSinghBais

BANK NIFTY 5 DAYS +1350PTS & OPTION POSITION CURRENT STANDING

NSE:BANKNIFTY   NIFTY BANK
I published my view of going short alongwith option strategy. Here is the standing of the trade plan.

Future position(as per spot)

Trade Plan on 08 Jul 20 was to look for short below 22726 for T1-2-3-4 as mentioned below

Sell – 22726
Target 1 – 22259 (Hit- 13/07-1030hrs)
Target 2 – 22004 (Hit- 13/07-1145hrs)
Target 3 – 21748 (Hit- 14/07-0930hrs)
Target 4 – 21385 (Hit- 14/07-1145hrs)

Options Trade plan

Sell 23500*2 CE 619. 40
Buy 23000 CE 857.7
Net credit 381.1 CURRENT STANDING 56 (for the said position profit of +8122. ROI in 5 days +7.06%)
Max Profit 22028
Max Loss UNLIMITED
Break Even 24381
Margin Required 1.15L approx.
POP 73%
ROI 21%

Be Proactive Trader

Better Insight, Better Trade Execution

Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.

"Always Respect Risk"

Happy Trading
Jai Hind
Dhiraj Singh Bais
Warrior @ Battle field
Comment: Follow up trade

Comment:

Comments

Great work Dhiraj ji. Keep up your good work waiting for your next trade plan. Thank you so much.
+2 Reply
@jailanikm, thnx....Appreciated...
Reply
Thx for ur knowledge sharing keep going......
+1 Reply
@krsureshx, most welcome
Reply
Good One, waiting for your next Plan.Thank u keep going ....:)
Reply
@DhirajSingh jI: I do not trade options (!), when i noticed your charts - BN reached all mentioned levels. Awesome work. Any bounce expected for tomorrow? Appreciate your analysis on SRIRAM TRANSPORT and SUNPHARMA when you get time.
Reply
@srisrini12, will come up with Sriram Tpt & Sunpharma this weekend
Reply
Congratulations Dhiraj
Reply
@Dineshya, thnx
Reply
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