Bank Nifty opens at – 48375 ( +60 )
Nifty opens at – 22874 ( +40 )
Buy Banknifty march 49700 pE – [ 09:21 ] aM
Option Buy Price – ( 486 )
Stoploss – Aprox ( 2000 )
Target – ( 2000+ )
(30) quantity
Reason for put buying :-
At 9:07 am, pre market slightly gap up to flat opens. Market haven’t direct stop loss available upside. So i try to find out selling side setup for targeting buyers stop loss in market. Final decision made after find out setup on chart.
After opening, Bank Nifty directly going upside with big green candles. Then Bank Nifty breakout 49500 level. After that breakout, only buyers attract in market and market can move downside for hunting these buyers stop losses.
Also downside, last day buyers stop loss also available. Because of all these reasons, i decide to enter in selling side trade.
Result :-
Loss - ( -2067 ) - 10:16 am
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