BC MP

Now we are back to middle in bank nifty for last week of August expiry.
Bias will be negative. Bullish only above 36000 level now.
First support 35200
S2 : 34600

Next week to sell below 34600 put in beginning of week and above 36300 call.

Looking at the SGX nifty bank nifty can open negative and high chance to break first support. In this case sell only call at resistance level. Put sell only if we will back to 35500 again.
Now after reaching 34850 BN is now at 35100.
We can sell now weekly 34500/400/300 and below put against call.

More from Mitesh Patel

Once again a thread on breakout trades.
Future trading I am recommending to only those who have at least 25L capital to control risk management.
If less capital then do with cash or option writing.

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