Update - 22 February 2019

• Bank Nifty was continuously bullish for last two days which tells me that bottom has been made.

• I did two straddles in the morning with bullish bias so I sold more puts initially.

• Sold Calls -5 X 27400 & Puts -8 X 26600.

• Later bias remained negative so to hedge 7 point loss in put, I sold additional calls -5 X 27500.

• Currently position is in profit of ₹3000/-.

Details of the trade are given below:

Rohit Katwal