How to trade Nifty Bank this week amid rising bond yields and falling rupee

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By Raj Deepak Singh, ET CONTRIBUTORSLast Updated: Oct 09, 2022, 10:03 AM IST

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Synopsis

Due to short covering moves seen post September settlement, the futures open interest has been relatively lower in Bank Nifty and fresh shorts were not seen during the week. However, stock specific significant activities were observed ahead of result season and major Call writing positions are visible among PSU stocks and we may see limited upsides in this pack.

Strategy Positions:

Sell 1 lot Bank Nifty of 13 October 40,200 Call at Rs 82 & Sell 1 lot of 13 October 37,900 Put at Rs 78. Total premium inflow: Rs 160; Target: Rs 60; Stop loss: Rs 225.

Rationale:

(Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of www.economictimes.com.)

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How to trade Nifty Bank this week amid rising bond yields and falling rupee

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