Banknifty looking bullish on chart and also all the indicator showing bullish signal, Price is above VWAP, EMA 200-D, MACD is also giving positive crossover..and Bank nifty has strong support zone 42400-42550 and so this could be a buy for the target of 43200+, Right now it is trading at 42810. keep stop loss at 42550 and add more if you get levels around 42700. Today is expiry day so i will suggest you all to trade in only (in the money) option strike as option decay will eat all premium if market will not move above your strike price.
For option lover Hero||Zero Trade.
For option sale:- sale 42900 Put at 130
and hedge (Buy)with 42600 put at 20
Stop loss 42900 put 230
As market expiry we are expecting 43000 above so these 2 strike premium will become zero. So highest profit we will get 110 points per lot in this trade.
For option buying Naked option:-
Buy 42900 Call option right now trading at 57 Buy in 3 times 1st lot now and 2nd buy 50 and 3rd buy 38 if you get.
This is purely hero zero trade so no stop loss but trade in less qty chances are high we will exit in profits only
Please trade in less qty, today is expiry day so if market will not behave according to our analyse then losses can be very high that is why your qty should be very less.
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