INTRADAY INDEX OPTION : Buy BANK NIFTY AUGUST

• August 10, 2021
• By Ruhul AMIN Mondal
• 203 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.To truly understand how Bank Nifty moves, we need special tools called breadth indicators. Price action doesn’t help us accurately predict all the movements, but with this indicator, you can recognize which are fake breakouts and real. Really useful for breakouts and trend following. If you want the indicator Pm me. trategy #1. This bank nifty option strategy applies only to intraday trading. First, Chart a 5 min Candle Chart in your charting software. On an intraday basis, you can swap nifty or stock options. A trader must open a bet at the start of the market day and close it before the end of the market d. Bank Nifty represents the 12 most liquid and large capitalised stocks from the banking sector which trade on the National Stock Exchange (NSE). It provides investors and market intermediaries a benchmark that captures the capital market performance of Indian banking sector. 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. Like the Nifty, those bullish on banks can buy Bank Nifty .

Script Name –BANK NIFTY

Expire Date-AUGUST

Strike Price-36400 CE

Buy Price –140-143

Profit Target-314

Stop Loss-42

Call Duration-INTRADAY

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