Yes Bank weighed down heavily on Bank Nifty today.
I was bullish, but had to turn bearish throughout day.
I changed my position again and turned bullish.
I think we for the most part of May till the election result is out, going to witness a lot of volatility and no direction.
I am also trying a new buying strategy of Options in which I hit two stoploss of ₹6600. I will keep testing it or else I will quit.
For now, I have taken a bull put spread of 20 lots in Bank Nifty. And a strangle on Nifty for 8 Lots.
Lets see how it pans out on Thursday. My max profit is hovering around 13000.
One mistake I did out of laziness was not to make calendar of holidays.
I took positions based on considering holiday on Wednesday. Had I known about holiday of Monday, I would have planned my trades accordingly.
For now here are my trades details: