BankNifty Option Trade on 17/08/2018
Hello friends again! I was requested by many to describe my methods to trade Banknifty. So here's step by step description of my 17th August trade, and what else could have been done! I generally don't trade without chart. Here's the chart of the 28000 strike price call option of near expiry(23 Aug). I have tried to explain all the things in below chart in simple way. So, as you can see in the chart, Gap up opening is there in the morning. (GAP UP opening means price opens at higher level than yesterday's closing level) So yesterday price closed at around 140 level and today opened at around 190 level and immediately made low of the day (see arrow of today's low). Then again started upward move. ...