Bigbear2022
Short

Bank Nifty options 20 Jan 2020

NSE:BANKNIFTY   NIFTY BANK
As discussed Bank Nifty opened below support and just waited for us to short it as soon as it hits support zone of 31710. It went around 31760 and went down below 31710 where shorts got triggered. I updated real time in my social media platforms , hope everyone made good money. Equivalent puts of 31500 went from 140 odd to close around 190 which was ok considering hefty premiums in new series.

Overall good day for everyone, call which me and my friends shorted around 175 got covered at 127-128 which was also ok.

Decision Range
31596-31611

Support for the day
31432

Resistance for the day
31759

Expectation
Trend day , 31432 might be tested

My trade
I'll try to short calls near resistance

Real time updates
I'll try to update on twitter or telegram if I get time , but I'll be in Delhi on Monday so I don't know whether I'll be able to.

Trade closed: target reached: Bank Nifty target reached

Comments

sir can you hint me about your time

on which time frame are you watching these levels

and thank you so much for levels..
+3 Reply
Bigbear2022 67b9f914cd454a718b21a8154b7541
@67b9f914cd454a718b21a8154b7541, anytime during the day , levels are valid for whole day. Market opened below support so as soon as it pulls back to support level which will act as resistance whole day will certainly give money
Reply
Sir should I hold CE option for tomorrow??
Reply
Bigbear2022 Ketan2210
@Ketan2210, send me pm
Reply
Bigbear2022 Ketan2210
@Ketan2210, we're shouting to short since y'day , how come you landed with ce
Reply
Awsomeeee πŸ‘πŸ‘πŸ‘πŸ‘
Reply
bank nifty 31337 , cover your shorts
Reply
I have posted levels , updated in social media platforms
Reply
rashmi4576 Bigbear2022
@Bigbear2022, sir what’s the name of ur platform
Reply
There is a positive sentiment with HDFC results will this result in a turn around or will have any impact...just curious.
Reply
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