Intraday Index Option: Buy BANK NIFTY AUG

• August 9, 2021
• By BIPRO HALDAR
• 115 Views 388 comments

 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 is a sectoral index with focus only on banking stocks and includes private and PSU banks. It is also one of the most actively traded indexes in the futures and options segment and it is available for F&O trading on the NSE. Bank Nifty is calculated using the free float methodology where the stocks are weighted based on the free float market capitalization. While the Bank Nifty was launched on September 15, 2003, it uses January 01, 2000 as the base year with a base value of 1000. That means at the current Bank Nifty value of ~30,000, it indicates wealth creation to the tune of 30 times over the last 19 years. The index is rebalanced semi-annually and the Bank Nifty values are available on a real time basis during trading hours. It was the first index available for weekly options trading and currently has trading volumes higher than the Nifty.Being a sectoral index, the Bank Nifty only represents the banking sector; including the private banks and PSU banks. Bank Nifty represents the 12 most liquid and large capitalised stocks from the banking sector which trade on the NSE. It provides investors and market intermediaries a benchmark that captures the capital market performance of Indian banking sector.

Script Name –BANK NIFTY

Expire Date-AUG

Strike Price-CE 36300.00

Buy Price –183-186

Profit Target-372

Stop Loss-82

Call Duration-Intraday

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