[Theta] BankNIFTY Call Spread Discussion

Archiving discussion.

Trade - Short 29900CE + Buy 30100CE

Technically trade should be naked sell at 29900CE at the CMP with SL if 30000 touches at BN (that's the conjecture right?)
But people here will not close the trade if such thing happens.

This is BN 1H chart. Right?

Step 1: Draw a line over Breakout point

Use the Fibonacci tool from Tradingview. Put the 100% to the day's high.

Now move it up (Click "Auto" on the lower right side on Tradingview so that it allows you to do that.)

Conjecture - BN will not have the same momentum i.e. there will be no such event of effect whose effect is more than of such events that caused the breakout at the first place i.e. Biden win, Virus stuff.
So, BN did 4000 points in 40 bars. Our bet is simply that it will not do 1000 points in the next 10 bars.

Get trades instantly and discuss them with me at my Slack Channel @

Our community is full with traders who actually trade!


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.