BN is not bearish - Do not short

6 sept.

Do not short BN! It's only a gap down. Wait for price action and look for intraday Long opportunity.

6 sept.

Note

No trade on BN - nothing long and nothing short.
There is a possibility of a long short covering rally setting up on Nifty though later in the afternoon. However, this needs confirmation.

9 sept.

Note

Following up from the last week, this week, my view is BN to be sideways/bullish.
It should stay above 50,000.
Hence, for this week expiry, my hedged strategy would be:

Sell 50,000 PE
Buy 51,600 PE

It is better to work with hedges in such a choppy environment.

9 sept.

Note

As I mentioned earlier, BN is clearly the leading index. Nifty will lag from now on.
The simple reason being that Nifty has already rallied more than expected.

9 sept.

Note

Bank Nifty looking good for an intraday rally to 51,240 levels based on current price action.

10 sept.

Trade fermée: cible de profit atteinte

Booked the Intraday rally profit last afternoon. I have closed the earlier positional trade with a loss and taken a Debit Spread for tomorrow's expiry -
50,600 CE BUY
51,500 CE SELL

10 sept.

Trade fermée: cible de profit atteinte

Booked profit on the 50,600 CE BUY. Will allow the 51,500 CE SELL to expire. The understanding is that BN will not close above 50,600 in this expiry.