BankNIFTY is likely to consolidate with results anticipation from HDFC Bank and the weak market sentiment.
Sell 27300 CE at 56.25
Initial Credit = 56.25
We'll make full 2250 INR on 65000 INR deployed if our trade goes right and ends below 27300
Upper Breakeven = 27356.25
There will be nasty shifts of breakevens if BankNIFTY moves rapidly. Please keep an eye here or in the forum for fastest updates.