Take Our Survey! Nifty Reporter's Live Diary........: Bank Nifty

Monday, 25 February 2013

Bank Nifty

Bank Nifty: Do you remember this counter????
On 4th February, I advised to buy Bank Nifty 12500 and 12400 puts keeping a stop loss of 12700.
I mentioned that this counter counter may dive to sub 12000 levels....
Yes, today it crashed below 12000 and closed at 12052.
12500 puts zoomed from 170 level to 460.
Bank Nifty still looking weak and poised to crash to 11500 soon.................
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