BANKNIFTY
BankNifty 18.11.2022
CMP 42,458
42,500 - 42,560 is the supply zone , consider to Buy a ATM put when index enter in this zone.,keep SL just above the zone. Bank nifty looks weak and expected to go down , 42,250 -42,150 is demand zone. so if index slips it can move down to this demand zone levels. avoid call buy.
Disclaimer: Analysis is for training and education purpose. author may enter in trade, take your own decision , This is an trading idea not an trading or Investment advice. consult your financial advisor before investing.
Trade closed: target reached:
setup worked successfully , first reached supply zone then given good response.
