Banknifty Trade Setup for 13.06.22 with Intra Day levels

Extreme bearish trend given global cues and weak rupee. Trend likely to continue if Friday low is broken, Banknifty is going to be extremely bearish .
Other factors that might be crucial for banks are Crude above $120, US 10y Bond yields sustaining above 3.1%, Dow Jones crash, etc.

Conviction bearish
Bias bearish

Trading Ideas

Long above 34612 Target 34800
Short below 34346 Target 34094

>>Option buying

Long Position: Buy 34700 CE
Short position: Buy 34000 PE

>>Option Selling

Sell 34800 CE (if 34300 is broken sell 34300 CE)

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