naperushivapratap

bank nifty 34800 buy PE ( put option )

Short
NSE:BANKNIFTY   NIFTY BANK
A symmetrical triangle pattern has been formed. according to 50 days moving average bank nifty take resistance at 35100 so try to buy 34800 PE
Comment: tomorrow if bank nifty opens
+gap up or flat it is going to fall till 34800
if bank nifty opens gap down this idea doesn't work.
Comment: In my view bank nifty looks bearish so I suggested you to buy 35000pe or 34900pe or 34800pe
1) 35000 comes under ATM option
2)34800 comes under otm option
Trade closed: target reached: breakout of 150 points down has happened and it has reached 39000 at 9:22 am.
but slightly disappointed because it doesn't hit 200 points target.
Trade closed: target reached: target reached once again. almost 300 points by 1:15 pm a good profit
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