Nifty Bank IndexGüncellendi BN is not bearish - Do not short
Do not short BN! It's only a gap down. Wait for price action and look for intraday Long opportunity.
Not
No trade on BN - nothing long and nothing short.
There is a possibility of a long short covering rally setting up on Nifty though later in the afternoon. However, this needs confirmation.
Not
Following up from the last week, this week, my view is BN to be sideways/bullish.
It should stay above 50,000.
Hence, for this week expiry, my hedged strategy would be:
Sell 50,000 PE
Buy 51,600 PE
It is better to work with hedges in such a choppy environment.
Not
As I mentioned earlier, BN is clearly the leading index. Nifty will lag from now on.
The simple reason being that Nifty has already rallied more than expected.
Not
Bank Nifty looking good for an intraday rally to 51,240 levels based on current price action.İşlem kapandı: hedefe ulaştı
Booked the Intraday rally profit last afternoon. I have closed the earlier positional trade with a loss and taken a Debit Spread for tomorrow's expiry -
50,600 CE BUY
51,500 CE SELL
İşlem kapandı: hedefe ulaştı
Booked profit on the 50,600 CE BUY. Will allow the 51,500 CE SELL to expire. The understanding is that BN will not close above 50,600 in this expiry.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.