This was our chosen Call Option for today, decided in the afternoon, based on technical analysis of Bank Nifty index and Option price behavior. Call Option bought at 125 and with target 200 and 225, giving about 60% gain. Because the expiry is tomorrow, we did not load much capital in this trade. The big move happened rapidly in the last 30 minutes.
The best trade in this Call Option would have been from 80 to 120, but we missed that. That was lower risk trade than the trade we finally did from 125 to 200-225.
Technical Analysis: Bank Nifty Resistance Level is at 21,400 and above 21,500 we can see rapid upmove till 22,000.