The much anticipated announcement of RBI credit policy has made an oscillation among the investors as well as traders in intraday trading. If you are an aggressive trader in Bank Nifty you can reap the profit by adopting our "Sesa" technique. Because the experts and channel analysts has given an opinion that there is a chance of rate cut and there is no rate cut. The people who said there is a rate cut is around 70% and the rest of them said that there is no rate cut.
The closing price of Bank Nifty is 18604 on a day back.
So let us take the hinting level as 18600
Now consider a wide leaver with a gap of 1000 points as 17600 and 19600
So when the market opens buy a call option in 19600 strike price and at the same time buy a put option at 17600 strike price together.
Then watch the news, announcements and if there is any panic or joyful situation any in the market. The the market starts to fall and if the Bank Nifty starts to fall, buy another lot in 17600 PUT option (it may be slightly higher price than your initial purchase) or if the Bank Nifty starts to move up buy a call option in 19600 strike price.
Then exercise all the option and the nett profit is controlled over by a minor loss in opposite options, however the nett profit will be a handsome profit.
Try this at your own risk.All the best.
If you are willing to earn more in Nifty and Bank Nifty join our One day interactive Online course or join our Correspondence course and learn all ready made tricks to mint money.
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