#banknifty

Bank Nifty expiry day strategy — the 11:30am candle is statistically the most important candle of expiry day. Direction of this candle determines the afternoon trend 68% of the time in my 2-year data. Either trade the break of that candle or avoid expiry entir…

Interesting observation: Every time India VIX spikes above 20, Bank Nifty makes a tradeable low within 2-3 sessions. VIX is at 21.4 today. Historical edge suggests buying Bank Nifty dips here with defined risk. Not financial advice — study your own data.

Bank Nifty is approaching the weekly resistance at 48,200. The last 3 times price touched this level it got rejected hard. Selling the 48,200 CE and buying 47,500 PE as a bear spread into tomorrow expiry. Will cover if we see a sustained close above 48,400.