Traders bet on 800 point move in Bank Nifty on MPC outcome

The traders will benefit only if the Bank Nifty moves in excess of 824 points above or below Tuesday’s spot closing near 32,500. That is it must break out of a 31,676-33,324 range on either side. This is called market or delta neutral strategy as it doesn’t depend on direction as much as large movement either way.

from Stocks-Markets-Economic Times https://ift.tt/3rQv1r6