How To Do Intraday Option Trading in Banknifty - Strategy, Systems & Backtested Results
Updated: Oct 22, 2022
Many traders make their living by trading nifty or bank nifty at the intraday level. A few traders directly trade in futures, whereas some deploy different option trading strategies to make profits.
There is a massive difference between ‘a successful trade’ and ‘successful trading.’ The latter demands the continuous execution of a trading strategy that has positive expectancy for a longer duration.
Table of Content
Banknifty Support and Resistance
Banknifty Intraday Trading Strategy
What is Banknifty?
Nifty is an index for the top 50 companies from National Stock Exchange.
Sensex is the index of the top 30 companies from the Bombay Stock Exchange (BSE).
Similarly, bank nifty is an index comprised of the 12 most liquid and largest cap stocks from the banking sector in the National Stock Exchange (NSE).