BANKNIFTY WEEKLY ANALYSIS - 4th Feb Expiry (BUDGET BOMB !!!) Short

Nifty Bank IndexNSE

Description

⋅ Jan 30, 2021 11:20 AM

Banknifty has retested the 30850 level already.

I am expecting sharp selling below 30220 level.

Hence, my plan is mostly sideways to downtrend directional trading and selling call is preferable since IV (Intrinsic Value) will be high and we can get the good premiums.

All the imp levels are marked on the chart.

Cheers.