Prem_Agrawal

Long BN

Long
Prem_Agrawal Updated   
NSE:BANKNIFTY   NIFTY BANK
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...
Trade closed manually: Profit in 31000 CE = 29
Profit in 30500 PE = 73.8

Net Profit = 102.8 * 20 = 2056
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