Bank Nifty - Much needed correction.

As anticipated, much needed correction is taking place.

The target on the downside are 30980 and 30460. Reclaiming 31860 will negate this.


I would like to share a zero or minimum risk strategy here, which i have suggested to some pals on 29th Nov., the day when the bank nifty has shown the first signs of weakness.

It was involving one short Ban Nifty future @32010

Buying 32250 Call One Lot.

Sell 33500 Calls four lots.

Sell 31500 Put One Lot

Sell 30000 Puts 3 Lots.

Target for this position was 31500, which has been hit on Dec. 6, but we are yet to close positions, I guess Monday will provide better opportunities as short options will allow premium decay advantage.

I believe Bank Nifty may touch 30900-30400 levels in this correction.

DM me to know more of such interesting low risk strategies . . . . .

@i2gain