Bank Nifty seems very weak compared to Nifty. Also, today, the sentiment seems bearish. So, going along the trend I'm expecting profit booking and a big fall. I've marked the trendlines and my positions on the chart. My SL is close above 47870-47880
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The trade is risky as it in contrary on a intraday basis
Trade active
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It might take multiple days to achieve the target so I might carry some positions overnight
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Back to green
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Updating SL to 47830
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I did something terrible instead of adding puts I added calls. Good thing I exited within 2-3 min. But had to take ~15% loss.I hope I can recover this
Trade closed: target reached
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Target 1 reached up 15% now. Overall it is more like 40% but yes
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I was expecting T2 to hit on Tuesday, however, due to theta I would have gotten less. But I've closed 90% of my trades now. Done for the day. Keeping a single lot of BNF
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Two hundred points up move in BNF in the last 5 min candle. I hope everyone has closed their positions. I still am carry forwarding single lot of BNF deep ITM puts.