Nifty bank :Cmp :27453
Sell below : 27200
Hedging option : Sell put of 26500 feb at 300 ( Once nifty bank touches 27200 rate will change from 256 to 300)
MAX PROFIT: 20*1000= 20000
MAX LOSS: (20*400)=8000
- Rising wedge formation
- RSI strong divergence on Daily chart .
- Resistance level hanging man and bearish belt hold candle
- Confirming downtrend once violation of 27200 take place .
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