Bank Nifty Option Tips Past Performance : June 2020

  

Date	Strike	Action	Rec Rate	Tgt1	Tgt 2	Remarks
01/06/20	CE20000	Buy	360	450	565	Both tgt Achieved
02/06/20	CE20000	Buy	300	450	682	Both tgt Achieved
03/06/20	CE21800	Buy	200	325	530	Both tgt Achieved
04/06/20	CE20800	Buy	198	298	400	Trade closed at 245 with profit as an issue with exchange feed for options contract and certain broking platforms were not getting updated properly. We have written on said aspect asking NSE to make their system more robust.
05/06/20	CE21000	Buy	340	450	600	Both tgt Achieved
08/06/20	PE20700	Buy	330	400	475	Trade closed midway at 362 due to choppiness in the market.
09/06/20	CE21500	Buy	275	372	475	Both tgt Achieved
10/06/20	CE21000	Buy	200	282	340	Both tgt Achieved
11/06/20	CE21100	Buy	145	212	270	Both tgt Achieved
12/06/20	CE20300	Buy	415	475	600	Both tgt Achieved
15/06/20	CE20200	Buy	300	375	450	Both tgt Achieved
16/06/20	CE20500	Buy	220	280	350	Only 1st tgt Achieved & later it hit stop loss at 195
17/06/20	CE20500	Buy	250	330	450	Only 1st tgt Achieved & later it hit stop loss at 220
18/06/20	CE20100	Buy	120	205	290	Both tgt Achieved
19/06/20	CE21300	Buy	325	450	592	Both tgt Achieved
22/06/20	CE21700	Buy	335	500	675	Both tgt Achieved
23/06/20	CE21900	Buy	300	475	620	Both tgt Achieved
24/06/20	CE22200	Buy	200	282	350	Both tgt Achieved
25/06/20	CE21100	Buy	178	342	500	Both tgt Achieved
26/06/20	CE21500	Buy	440	500	550	Both tgt Achieved
29/06/20	CE21500	Buy	230	350	450	Only 1st tgt Achieved and trade needed to be closed at tgt 1 as it was nearing market closing time.
30/06/20	CE21500	Buy	300	350	400	Only 1st tgt Achieved as the market was consolidating so exited trade at 350 level

During the month we gained approx 4653 points which work to approx 211 points on a daily basis. You can read more about our best Bank Nifty Index Option Tips here.

We hit stop loss during two days namely on 16 June 2020 and 17 June 2020 where only target 1 was achieved on both the days and finally bank Nifty option hit the stop loss level.

As a guideline, the Stoploss is generally 12.5% pts of the entry price which means that if the entry price say 200 then stop loss will be at 200-25=175 (12.5% of 200 is 25). We have not been able to write the stop loss as an independent column above as in the desktop version of the website we have a horizontal view and we have lesser space available and thus only column which matters have been written.