Nifty Bank Index
Largo
Actualizado

Banknifty Trade Setup for 08.06.22 with intraday levels

50
Gap down opening followed by a downtrend but recovery in the last 30 mins.

Expecting a trending day tomorrow in case of a break out or break down as there has been massive option writing in both call and put at 35000. People are playing short straddle at that strike price. There is a possibility

Trading Ideas

Long above 35150
Short below 34890

>>Option buying

Long Position: Buy 35300 CE
Short position: Sell 34900 PE

>>Option Selling

Sell 36000 CE and 34500 PE

Nota
Long Position: Buy 35300 CE
Short position: BUY 34900 PE


please ignore the SELL written under short position
Nota
Trade worked fine on long side

Exención de responsabilidad

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.