Bumper earning in Option Trade, on this pattern of Bank Nifty premium increases at the speed of rocket
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Option Trade: Many investors earn huge money through Bank Nifty option trade. If investors invest money in a particular up or down movement, then there can be bumper earnings from Bank Nifty. Actually, many such patterns are formed in Bank Nifty on which traders can earn profits by taking trades. As soon as a particular pattern is formed in the candle stick, the option premium starts running away at the speed of rocket, due to which the trader’s money increases drastically. In this episode, we are talking about the Shooting Star candle stick pattern.
Shooting Star is a negative candle
Just as the hammer pattern of Bank Nifty is considered very strong for upward movement, similarly the shooting star pattern is a very important candle for downtrend. The trade taken on the shooting star candle made at the right place can become a source of strong income. During this, the more the Bank Nifty falls, the higher will be the increase in the trader’s premium. Trader’s profit will also increase. Let us tell you, the shooting star candle is a negative candle pattern, which is used to buy puts.
When does the shooting star candle give profit?
Every shooting star candle formed in the chart of Bank Nifty or Nifty 50 does not give profits. If it gives bumper returns then it is formed in a special pattern. At that time the premium of the option also increases significantly, due to which the trader gets huge profits. According to expert Shiv Poojan Singh, it gives the maximum profit when the market is in a down trend and after rising 300 to 400 points, a shooting star candle is formed at the top. In option trading, such a pattern multiplies the premium, thereby earning handsomely for the trader.
What is option trading
Let us tell you, option trade is such a contract under which the buying and selling of security takes place. Option trades are for a fixed period of time, which can range from a week to months. It has to be sold before expiry. Otherwise, the entire premium will automatically melt to zero. This can be a better source of instant earning. There are many people who earn crores in a single trade. However, there is also a possibility of loss in this.
Note- Stock is subject to market risks. Bank Nifty is very volatile, invest in it carefully and only after the advice of an expert. Prabhat Khabar.com will not be responsible for any profit or loss arising out of your customized trek.
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