As anticipated, much needed correction is taking place.
The target on the downside are 30980 and 30460. Reclaiming 31860 will negate this.
I would like to share a zero or minimum risk strategy here, which i have suggested to some pals on 29th Nov., the day when the bank nifty has shown the first signs of weakness.
It was involving one short Ban Nifty future @32010
Buying 32250 Call One Lot.
Sell 33500 Calls four lots.
Sell 31500 Put One Lot
Sell 30000 Puts 3 Lots.
Target for this position was 31500, which has been hit on Dec. 6, but we are yet to close positions, I guess Monday will provide better opportunities as short options will allow premium decay advantage.
I believe Bank Nifty may touch 30900-30400 levels in this correction.
DM me to know more of such interesting low risk strategies . . . . .
@i2gain
The target on the downside are 30980 and 30460. Reclaiming 31860 will negate this.
I would like to share a zero or minimum risk strategy here, which i have suggested to some pals on 29th Nov., the day when the bank nifty has shown the first signs of weakness.
It was involving one short Ban Nifty future @32010
Buying 32250 Call One Lot.
Sell 33500 Calls four lots.
Sell 31500 Put One Lot
Sell 30000 Puts 3 Lots.
Target for this position was 31500, which has been hit on Dec. 6, but we are yet to close positions, I guess Monday will provide better opportunities as short options will allow premium decay advantage.
I believe Bank Nifty may touch 30900-30400 levels in this correction.
DM me to know more of such interesting low risk strategies . . . . .
@i2gain