Banknifty Expecting Downtrend

23 dic 2020

Hope market opens flat or small gap-down. Big gap up then don't trade or see price action and enter

As after a fall, there are continuous resistances upside trend and tomorrow is option expiry
My view is negative tomorrow
but hope the first half is : sideways
then 2nd half :
if the bank nifty cross 29800 then big bearish downtrend till 29000 or 29100

My range is mentioned in by blue line. Tomorrow I am seeing an opportunity for PE buying instead of OTM CE short
if gone as per plan then definitely PE prices of 29200 29400 could give 1: 4 - 5 profits RR ratio with trailing SL as option buying and maintaining the profit is important

is anyone wants to play safe then short 29900 and 30000 OTM and holds if gone as per plan full option value will be in your pocket with small SL
of 20 - 30 points

#### if you take trade better test with your analysis take it at your own risk. Don't forget to out SL
as personal experience Dont forget to put stoploss i have lost nealry -3000 in one single trade while stuck in some work and forgot to put sl and thought to exit manually but the market got reversal badly .
### Saving Capital is also trading