Nifty Bank IndexLong
Long BN
Updated
Something is cooking in Banking stocks today,
Max Pain for BN is at 31000 Strike
PCR is 0.60 ( Neutral )
Bank of Baroda
Kotak Bank
SBIN
UJJIVAN
HDFC
RBL
These all came on my radar just now
No analysis done I am just going with Max Pain and my screener.
We may see a 200 bps rally within two days as Max Pain and Current ATM have the difference of 200 bps.
Markets are about to open so don't have time for the analysis.
Short 31000 CE 111.725
Short 30500 PE 79.80
SL = 20
Happy Trading...
Max Pain for BN is at 31000 Strike
PCR is 0.60 ( Neutral )
Bank of Baroda
Kotak Bank
SBIN
UJJIVAN
HDFC
RBL
These all came on my radar just now
No analysis done I am just going with Max Pain and my screener.
We may see a 200 bps rally within two days as Max Pain and Current ATM have the difference of 200 bps.
Markets are about to open so don't have time for the analysis.
Short 31000 CE 111.725
Short 30500 PE 79.80
SL = 20
Happy Trading...
Trade closed manually
Profit in 31000 CE = 29Profit in 30500 PE = 73.8
Net Profit = 102.8 * 20 = 2056
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