Update - 28 May 2019
I mentioned in the analysis today that I was expecting Nifty and Bank Nifty to behave sideways.
Nifty has resistance at 12000 and it is acting as a psychological barrier.
Everything is positive for the Indian Markets right now. There was no negative news. It was retracement that unfolded today.
I mentioned in the morning, that we are bullish. Everytime we fell, we were very swift to rise.
Guessing this price action and sideways movement, I initiated calendar spread from my personal and clients account. In the end, sensing we may remain sideways, I also took naked call options of 12100 on Nifty.
Here is how positions look now: