Bank Nifty - For educational Purpose. - Trend-line
1) Bank Nifty at important level if open flat and break resistance then breakout possible. buy above 34720 stop loss 50 to 60 points
2) If open big gap up then wait till it come near support level 34720 (Which is currently resistance) and take one call option position or sell put option stop loss 50 to 60 points
3) If open big gap down then wait till it come near resistance level 34700 to 34720 (Which is currently resistance) and take one put option position or sell call option stop loss 50 to 60 points
Important:
Always trade when you get setup.
Think about risk and reward before taking trade.
Position size should be correct.
More than technical analysis money management is important.
2) If open big gap up then wait till it come near support level 34720 (Which is currently resistance) and take one call option position or sell put option stop loss 50 to 60 points
3) If open big gap down then wait till it come near resistance level 34700 to 34720 (Which is currently resistance) and take one put option position or sell call option stop loss 50 to 60 points
Important:
Always trade when you get setup.
Think about risk and reward before taking trade.
Position size should be correct.
More than technical analysis money management is important.
Comment:
Target done