BN could possibly trend this month and have a big fall!
Between Nifty and BN, BN is expected to trend more this month after looking at the Daily charts.
Either monthly position can be taken by buying the ATM / ITM / OTM PE (Not too far OTM) and then it can be hedged with the Far OTM PE short.
For instance, 51400 PE or 51,100 PE is a good bet which can be bought.
Another strategy would be to play it intraday basis with first target at 51,000.
Either monthly position can be taken by buying the ATM / ITM / OTM PE (Not too far OTM) and then it can be hedged with the Far OTM PE short.
For instance, 51400 PE or 51,100 PE is a good bet which can be bought.
Another strategy would be to play it intraday basis with first target at 51,000.
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