TraderRahulPal

Buy Banknifty from here Intraday levels

Long
NSE:BANKNIFTY   Nifty Bank Index
Bank nifty trading at support level,,there is high probability of reversal from this level.,right now it is trading at 41175,, so start accumulating from this level to 41100 if you got,,keep a stop loss at 41050,,target we can see 41375/41450/41600+,,,chances are high for reversal from this level,,,but trade with strict stop loss as below 41050 could be disaster rally for downside..so use stop loss and go for target.

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Comment:
Awesome bank nifty have made high 41297...we are already 100+ points up
please use trailing stop loss for further upside
Comment:
Made high 41335 start booking profits,,slowly slowly
Comment:
awesome our first target was done,,rest target will be done tomorrow
Trade active:
This trade still active,,if anyone loves option writing then there is one expiry trade if anyone likes to go i will provide here..

so you have to buy 1lot banknifty 40700 pe @36
and sell 41100 Pe @ 110

Hold this till 16th feb..these both will become zero
so you will get profit per lot around 1775 Rs.

so go in this trade high chances of profit.. i will keep updating later on

If anyone like my effort please like follow and comment
Thankyou..
Comment:
Awesome bank nifty rally, we have reached all our target bank nifty made high 41718,, awesome we have eaten more than 500 points... our last option writing post is still open,,, but that is also giving profit if you check 40700 put right now trading at 23.7 and 41100 put trading at 61.4 ,, so hold this till tomorrow chances are high this both will become zero...even do not wait for zero take your profit whenever you see enough for you..

Please guy's if you like my effort like follow and comment
Thankyou

Best Regards,
Rahul Pal
(Full Time Trader & Investor)

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