Nifty Bank IndexUpdated

BankNIFTY Theta14 System - Weekly Expiry Strategy (2 Lot)

BankNIFTY is likely to consolidate with results anticipation from HDFC Bank and the weak market sentiment.

Sell 26800 PE at 146.15
Sell 26900 CE at 188.35

Initial Credit = 334.5

We'll make full 13380 INR on 150000 INR deployed if our trade goes right and ends in 26800-26900.

Upper Breakeven = 26465.5
Lower Breakeven = 27234.5

Payoff Graph = unofficed.com/options-calculator/?save_id=5b519fe8e08ca665473236

There will be nasty shifts of breakevens if BankNIFTY moves rapidly. Please keep an eye here or in the forum for fastest updates.
Trade closed: stop reached

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