“OPT-CNXBAN-04-Feb-2021-32000-CE” is up 440% today!
This Bank Nifty Call Option was our Budget Day pick, which was suitable for buying last Thursday and Friday, at average price of Rs 140-150, and its gone till 850 today!
Today’s rise started with ICICI Bank before all other banks, and ICICI Bank often points to the core move of Bank Nifty, so we also got a chance to buy 300 levels.
As we have stated constantly, stay long on Bank Nifty above 30,000 level for upside target 33,000 and 34,000 levels. We also gave a Bonus Trade last week to stay long on Bank Nifty futures from 30,500 for target 32000 with Stop 30,000.Thanks.