Banknifty is trading in a parallel channel . Look to buy call option near purple base line or it might fill the gap. If market goes below purple trend line don't take put option today and leave trading. We might miss the put option , but if it falls today, then incoming week will be very bearish. If market goes below purple after hitting ur stoploss and again comes back inside the purple trend line then again buy call option.
If banknifty breaks out the black trend line without touching the purple base line then also u can enter in call option. Keeping the sl below black trend line for a target of 37800.
We are avoiding put options today, if market falls let it fall. Kal bhi din aayega.
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If banknifty breaks out the black trend line without touching the purple base line then also u can enter in call option. Keeping the sl below black trend line for a target of 37800.
We are avoiding put options today, if market falls let it fall. Kal bhi din aayega.
Do follow and give a like.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.