Our chosen Bank Nifty Option for today was the following Call Option: 22000 CE – 02 July 2020 Expiry. This Bank Nifty Call Option was bought yesterday afternoon (between 3:00 to 3:30 pm) at 350, for Target 430, and Stop loss 250. The target came early today morning, giving 80 points gain, or 22% profit.
Our Bank Nifty Call Options Trading Strategy for this week is to trade in 22000 Call Options, which are just 500 points above current price, and therefore, this option will remain relevant as long as Bank Nifty is above 21000. Thanks.