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Showing posts from July, 2023

Bank Nifty Range breakout Buy System

 In this post I will be talking about the bank nifty buying system based on range breakout. In case you don't have a background on range breakout buying system please refer to Stock Mock YT video @  Stock Range breakout Buy Now we will go direct to the system Instrument:  Bank Nifty CE and PE weekly option which is ATM option at 0930 Entry:  Enter in ATM CE or PE option whichever breaks high range between 0930 to 1100 after 1100 first. Only one entry will be taken E.g. say at 0930 ATM options are 47100 CE and PE. Now 47100 CE highest premium is 200 and lowest is 160 between 0930 to 11. In same 47100 PE highest premium is 180 and lowest is 140 between 0930 to 11. Now if 47100 CE goes above 200 after 1100 then it will be bought.  In case before 47100 CE goes above 200, 47100 PE goes above 180, then PE option will be bought. This is known as Range breakout strategy. Stop Loss -  75 points from the entry premium. E.g. if entry happened at premium of 200 then SL will be at 125 Exit -  E