BANKNIFTY - Stay Short

2023年3月12日

* Touched the trend channel and now turning lower
* Will test the low of 39500 before a bounce back - that maybe a place to take some profits
* 39000 can be taken out as all components - HDFC, ICICI, SBIN and Kotak are showing breakdowns below key levels
* Will have intermitten boucne backs - however those have to be sold
* IV at 14% is still very low given the risk of sell off.
But Apr puts at 41000 for 600 - that only 1.5% premium for a 45 day trade

2023年3月13日

ノート

Take half profit at 39500 and the rest at 38700 if it goes below.

2023年3月13日

トレード稼働中

2023年3月14日

ノート

Could give a bounce back above 40,000, however not really technically out of the woods yet. Typically a reversal would be on high volumes, broad based buying - yet to see that

2023年3月15日

トレード稼働中

Take off half profit and let the rest ride. Ideally if you have taken ITM puts, then just leave them till BN shows clear signs of reversal - as of now none.
WIth European Banks getting smashed - BN could test a low of 38000 - which is a 2X if the expected move priced by options - stay short & stay strong

2023年3月16日

トレード終了: 利益確定目標に到達

Closing this out and waiting to see if the market bounces back sharply from here? if it goes back to the trend line of 21 EMA