Bank Nifty: I will only focus on my trade plan
Updated
21300-21850 is a major supply zone in Hourly, Weekly, and Monthly chart. On the downside support @ 20450 and demand zones @ 19700-19800 and 19100-19250.
As expected Bank Nifty will open gap down and I don't know how many points it will open in negative. After a gap down it may bounce or it may go down further. I am not that much smart. So I will focus on the screen, not on my emotions.
I will sell OTM calls. I will decide the time and strick price once the market will open. According to these zones if I will get a good risk to reward trade and if there will be any possibility for the follow through on the downside then I may take a short position in FUT. I will update my trade in this post.
Thank x
As expected Bank Nifty will open gap down and I don't know how many points it will open in negative. After a gap down it may bounce or it may go down further. I am not that much smart. So I will focus on the screen, not on my emotions.
I will sell OTM calls. I will decide the time and strick price once the market will open. According to these zones if I will get a good risk to reward trade and if there will be any possibility for the follow through on the downside then I may take a short position in FUT. I will update my trade in this post.
Thank x
Trade active
sold 21000 call @ 140
Related publications
Disclaimer
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.