Bank Nifty: I will only focus on my trade plan
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
