Lets get together to track and discuss the Bank nifty everyday until the upcoming expiry.
Personally I feel Bank Nifty is showing some strength today on the way it pulled back and got some 25500 CE. Also, the OI drastically increased at the end of today’s session.
Kindly Share your thoughts on this friends.
P.S: I am not a novice trader and been trading for the past 6 months and eroding my capital swiftly. Looking forward to learn and improve on my trading skills. Hope this thread helps.
As expected, Bank nifty peaked today and initially the rally was dormant. I was not patient enough to wait until it peaked to 224 Rs. Exited early. But put option helped me earn 2K while the down pour started
It’s clear that Bank Nifty is gonna get down for the upcoming days. Appreciate the way how the bulls fought back at 13 day Moving average and they gave a tough fight.
Next support comes at the 20 day Moving average which is at 25089.
Personal Note: Though I got a put option and squared off at a good amount. I entered at the wrong time for the same put option again and waiting for the next downpour. Hopefully, will exit at the correct time
To add where the Option writers are putting in the money,
Significant amount of call writing happened across the strike prices above the In the Money options. Also, small of amount of put writing can be seen at 24900
Share your thoughts on this friends.
