vyas1394

banknifty forming H&S in 5 min chart

Short
NSE:BANKNIFTY   NIFTY BANK
NSE:BANKNIFTY
15min close below 35700 can bring pain on an intraday basis
good profit booking can be seen.
planning to sell calls aggressively below that level
Comment: 36300 ce, 36000ce, 34800pe are the strike that i sold today. all in profits,
maintaining a strict SL in 36000ce now
Comment: shifted 36300 to 36200 and 36000.
planning to shift 36200 strikes to 36100 when banknifty retests 36700 after a good downmove
Comment: 35500 will be good support on the downmove
Comment: sold 35800 at 112 with small sl at 133 small quantities also
Comment: sl hit for 35800ce
Comment: 36000ce sl at 106.
trading near SL
Comment: there is huge OI at 36000ce expecting it to act as a good resistance
Comment: current positions 36200 , 36000 ce and 35300 pe
ie shifted 34800 to 35300 pe an hour ago
Comment: exited 36100ce and 36000ce at good profits currently shifted to 35300 pe and 36200ce and planning to hold it till 3.15pm

Comments

thank you
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