INTRADAY INDEX OPTION : Buy BANK NIFTY JULY

• July 20, 2021
• By Ruhul AMIN Mondal
• 438 Views 389 comments

Nifty Bank, or Bank Nifty, is an index comprised of the most liquid and large capitalised Indian banking stocks. It provides investors with a benchmark that captures the capital market performance of Indian bank stocks. The index has 12 stocks from the banking sector. … The index was launched in 2003. The Bank Nifty Index is computed using free-float adjusting market capitalization with base date of Jan 1, 2000 indexed to base value of 1000. The Index level directly reflects the value of all the stock of that Index. Nifty Financial Services index has a 94% correlation and a beta value of 1.2 with the Nifty50 Index and 98% correlation with Bank Nifty. Nifty Financial Services index has delivered annualised returns of 14.99% in last 5 years. Like the Nifty, those bullish on banks can buy Bank Nifty futures comprising 30 shares, or buy a call option on Bank Nifty. Bears can similarly short or sell Bank Nifty futures or buy a put option on the index. Strategy #1. This bank nifty option strategy applies only to intraday trading. First, Chart a 5 min Candle Chart in your charting software. In a big development today trading stopped on the National Stock Exchange (NSE) after communications problems being faced by this stock exchange. The NSE said that due to the problems regarding the issues at the end of the telecom link provider

Script Name –BANK NIFTY

Expire Date-JULY

Strike Price-34800.00CE

Buy Price –154-156

Profit Target-384

Stop Loss-42

Call Duration-INTRADAY

Disclaimer : Trading in the stock market, currency, or commodity markets is risky and has the potential to lose money. –Atal Trade Effort calls you after analyzing all aspects of all stocks. Investing is a personal matter. However, only one. The risk of loss in trading and investment in Securities markets including Equities, Derivatives, commodities, and Currency can be substantial. All products that carry a substantial risk of loss up to your invested capital. It May not be suitable for everyone. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. You invest a portion of your total money that will not be affected by the loss. Never put all your money into trading and never borrow money for the business