Today is monthly expiry of Bank Nifty options. Options premium drops at a faster speed on the expiry day. Big trending moves are the only way profit can be made on the expiry day. Morning started with trending move in the downward direction and upward move in the later part of the day. Overall strategies ended in profit.
Bank Nifty Chart:
Profit and Loss for Our Simulated Strategies:
- BN Futures 5 min Renko – Total Trades (7) – Profit/Loss (+5670)
- BN ATM Options 5 min Renko – Total Trades (28) – Profit/Loss (+814)
Intraday PnL:
Detailed insights into the strategy can be found here.
Disclaimer: The profit and loss figures provided above are for educational purposes only. Implementing these strategies without adequate knowledge may lead to losses. For more information and guidance, please contact me at: simplestrategieswork@gmail.com