Nifty Bank IndexLong
Long Bank Nifty
Long Bank Nifty :-
On Friday after the RBI booster , there was a sharp rally in Bank Nifty and at the Closing it closed above the 200 DMA which is considered as a positive from Medium to Long Term.
Earlier in Sept , 200 DMA was acting as a Resistance and we had a sharp decline from there but this time , if it succeeds in Trading above the 200 DMA , we can have a rally till 24500 & 25200... keeping a SL of 23150....
Strategy for Bank Nifty :
1. 15 Oct 2020 Expiry = Buy 23900 CE @ 380 (1 lot) and Sell 24400 CE @ 190 (1 lot) = Net Outflow = Rs. 190 , target 500..... SL 90
On Friday after the RBI booster , there was a sharp rally in Bank Nifty and at the Closing it closed above the 200 DMA which is considered as a positive from Medium to Long Term.
Earlier in Sept , 200 DMA was acting as a Resistance and we had a sharp decline from there but this time , if it succeeds in Trading above the 200 DMA , we can have a rally till 24500 & 25200... keeping a SL of 23150....
Strategy for Bank Nifty :
1. 15 Oct 2020 Expiry = Buy 23900 CE @ 380 (1 lot) and Sell 24400 CE @ 190 (1 lot) = Net Outflow = Rs. 190 , target 500..... SL 90
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