Derivatives Strategy - Sep 25, 2020 - Positional Option - ICICI Securities

Recommendation

Sell Bank Nifty 1 October 21700 Call at Rs. 100-120

Target: Rs. 2
Stop loss: Rs. 220
Time frame: Till 1 October expiry

Rationale

The Bank Nifty ended the September expiry at monthly lows where most of the private and PSU heavy weights saw extensive profit booking.

Most private banks violated their highest Put base and closed below it. However, on the very first day of the new series, the Bank Nifty moved 2% higher and tested its sizeable Call base of 21000.

For details, click on the link below: https://www.icicidirect.com/mailimages/IDirect_BankNiftyStrategy_25Sep20.pdf

Source : Equity Bulls

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