trademanthan

Time to Short Bank Nifty

Short
NSE:BANKNIFTY   NIFTY BANK
For a long while bank nifty is trading in range, today it has reached top of the range, chances of breakout are highly unlikely due to GSP, election and global sentiments.
There is a high probability to go down, one can take position in Bank Nifty Put Option Mar Expiry. The upward movement is limited but we can have good downward movement.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.