I think we are forming a double bottom formation. I have taken a simple bull put spread.
-5 X 24000 & + 5X 23800. I am prepared for some whipsaws but am not prepared to do any naked position right now. If we see a bounce, I will add another 5 lots. 1 Lot Bank Nifty is 20 these days.
Previous day high broken. Added another 3 lots -3 X 24300 & +3 X 24100.
02:00 pm - Added a naked put -2 X 23900.
We have seen this kind of movement on 10 October 2018. I did not want to carry any over night risks. I shorted 25600 Call in 2 lots. Covered 23900 Puts. Covered 1 Bull Put Spread. Now only 1 Bull Put Spread is open and 1 Naked Call sell at 25600.
Here are my open positons -