Buy Bank NIfty for the target of 44750+

29 במאי 2023

Indian market and all the global market looking positive today. Indian Banking Sector roaring today, Bank nifty has given a breakout and hit all time high today, Price and action showing a sharp move towards 45k+ in bank nifty. Right now Banknifty trading at 44365 and this is the best entry for go long for the target of 44750+,,so buy from here and go for the target levels which i have mention on chart.

i have a option writing trade for the entire week.

Sale Banknifty 1st june 44400 PE at 250 now
and hedge with
Buy Bank Nifty 1st june 43900 PE at 90 now

Maximum profit we can get in this trade per lot 3988 rs.
keep in mind if you see 4000 loss in this trade please exit your 44400 PE position that will be only your stop loss,
So risk and reward in trade will be 1:1,,Please hold this trade till expiry or when you see profit 3000+ per lot you can start booking your profits;

Chances of profit is very high as banknifty has given a breakout.

If anyone wants to go naked option i have trade for them also:-

Buy 1st june Banknifty 44200 CE at 348
keep stop loss at 218
Target we can see in above 450/530/650+

Please follow strict stop loss in naked option.

If you guy's like my work then please hit the like button and follow for the next update. And please comment your thoughts on this trade.
Thankyou.

Disclaimer:- Always consult with your financial advisor before taking any decision of buying sailing or do your own analyse.