Bank Nifty Trading Strategy for 29th July'2020

#BankNifty as discussed yesterday was weak and took support from trendline around 21,600.

One cycle was complete of elliot wave ( 21,027 to 32,112 - 5 wave & 32,112 to 21,615- 3 wave).

Use buy in dip stargetgy for a target of 22,363 / 22,540 / 22,791 SL 21,615.

Trade what you see not what you feel, enjoy trading.
Trade active:

#banknifty is moving as expected.


bought 22200 ce - 9 lots ,can't squared off .... can I get profit tomorrow.......
as per your chart the bank nifty will be in upward....
can I get profit??? plz suggest
Bought 22200 pe today...... Don't know what to do tomorrow..... Exit... Or remain....
subhagghosh omkarpadhy
@omkarpadhy, broke the basic rule, never to carry weekly option overnight on Wednesday. Due to theta decay, even if the direction is in your favor, you end up losing.
+1 Reply
omkarpadhy subhagghosh
@subhagghosh, OK sir..... Ty
Hi sir
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