Short Banknifty for intraday to btst. 05/07/2024Guy's Banknifty looking highly bearish from current levels. HDFC BANK is culprit for this so i have bearish trade in banknifty. You can participate by taking an option trade or shorting future trade with strict stop loss.
1st let's buy banknifty option 10th july 52700 pe now trading at 395
keep stop loss at 325
Targets will be 460/516/575++
Disclaimer:- I have given same trades to my clients.
future trade:- Short 1 lot Banknifty Future now at 52727
Stop loss 53022
Targets 52567/52450/52325--
take one lot 52800 ce now at 267 (hedging banknifty strategy)
Please go with less qty only.. max 3-5 lots will be good in option trade for better results.
Please follow strict stop loss and Targets in this trade.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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Thankyou.
