wayofstocks

Bank Nifty Loosing Momentum

Short
NSE:BANKNIFTY   NIFTY BANK
NSE:BANKNIFTY

Bank Nifty is losing momentum, elections are going to pay a major roll so keep a look out for poll predictions may cause market volatility .

Possible Trades when BN index touches the levels marked in the chart
  • Sell BN 31000 CE + Buy 31500 CE May Monthly Contract
  • Short BN Future May Contract + Buy 2 CE (0.34 Delta) May Monthly Contract
Comment: I'm booking 50% of my trade, would advise to do the same and observe how the day ends. If market recovers I would advise to close the trade early. Thanks
Trade closed manually: It's been ranging since 3 days, I exit when the trend ends

I've closed all 31000 contracts

Hope people made some money, it was a trend of almost 1000 points from 30600 to 29600

Cheers