Banknifty Trade Setup For 09.06.22 with Intraday levels

Gap up opening followed by a sell off and then massive short covering followed by a second episode of selling. In this market almost everyone got their views right but how many have made money is a question that needs to be asked.

Conviction bearish
Bias bearish

Trading Ideas

Long above 35150 Target 35450
Short below 34800 Target 34720/34581

>>Option buying (Take 16 Jun Series)

Long Position: Buy 35300 CE
Short position: Buy 34700 PE

>>Option Selling (Take 9 Jun Series)

Sell 35500CE and 34500 PE

-------------------------------------------

Disclaimer

Trading stocks, options and other securities involves risk.
The risk of loss in trading securities can be substantial.
The risk involved with trading stocks, options and other securities are not suitable for all investors.

The information presented in this educational material is not intended to be

used as the sole basis of any investment decisions, nor should it be construed

as advice designed to meet the investment needs of any particular investor.

Nothing in this course constitutes legal, accounting or tax advice, or

individually tailored investment advice.

WE ARE NOT RESPONSIBLE FOR ANY GAINS OR LOSSES YOU MAKE.

WE ARE NOT SEBI REGISTERED.