Well folks .... Hope you made some money today. BankNifty jumped exactly around support zone close to 27400 spot level today. However, I can understand that premium erosion was really making it tough for retail traders to make any money today. I myself have made very less money today as compared to my daily average.
Need not worry ... We will try to catch fresh big opportunity tomorrow.
Today, I took two BankNifty trades. During morning, I took PUTS since range of 27500 to 27530 was turning out to be stiff resistance. However, it produced very less money.
Later, during second half, I took Calls (and rightly so, I knew BankNifty would jump when it slipped slightly below 27400 as it was a good support range). But weekly BankNifty calls could not produce much today due to heavy intraday premium erosion. But anyway, final profit is considered as profit only.
Thanks guys ..... enjoy ... cheers
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