TradingView
naperushivapratap
Jun 8, 2021 12:50 PM

bank nifty 34800 buy PE ( put option )  Short

NSE:BANKNIFTY15
Nifty Bank IndexNSE

Description

⋅
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
Trend Analysis
Comments
pchelpline1324
⋅
I buy 34900 pe @ 150 for this expiry . Any view sir
naperushivapratap
⋅
@pchelpline1324, it is fine please hold it till target reaches. You are going to have decent profit if bank nifty opens gap down of 100 points.
naperushivapratap
⋅
@pchelpline1324,

a 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.
naperushivapratap
⋅
#banknifty
naperushivapratap
⋅
try to buy 35100 put option
More