Bank Nifty Analysis
Updated
Hello,
Bank Nifty Major Demand Zone @ 30600-30660. Once it will sustain below this level it may test 30400-30450 but I dont think so Bank Nifty will sustain below 30600. As i mentioned in my previous week posts Bank Nifty will be strong after this correction period. I am already avoiding short position in the bank Nifty from this week and making new long positions through option writing.
Option writing will be the best trading strategy in the Bank Nifty.
Trade Well
Bank Nifty Major Demand Zone @ 30600-30660. Once it will sustain below this level it may test 30400-30450 but I dont think so Bank Nifty will sustain below 30600. As i mentioned in my previous week posts Bank Nifty will be strong after this correction period. I am already avoiding short position in the bank Nifty from this week and making new long positions through option writing.
Option writing will be the best trading strategy in the Bank Nifty.
Trade Well
Trade active
Carry Position:Short Position in 30500 Put avg price @ 105.
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