Hello traders,
Still the same chart. You might have got bored, but there is no other option.
1. If opens flat and breaks 38400, then buy put for a target upto 38200.
2. If opens gap up more than 100 points then avoid any call option.
For positional traders. If banknifty again enters inside blue parallel channel then go for target upto 37550.
And if today banknifty doesn't enter inside the blue parallel channel and gives a bounce from blue channel upper line support, then go for a target upto 39750, try taking call of next expiry.
Very good risk to reward ratio trades . Do take this trade with far otm calls so that loss will be very less, but profit would be huge
Still the same chart. You might have got bored, but there is no other option.
1. If opens flat and breaks 38400, then buy put for a target upto 38200.
2. If opens gap up more than 100 points then avoid any call option.
For positional traders. If banknifty again enters inside blue parallel channel then go for target upto 37550.
And if today banknifty doesn't enter inside the blue parallel channel and gives a bounce from blue channel upper line support, then go for a target upto 39750, try taking call of next expiry.
Very good risk to reward ratio trades . Do take this trade with far otm calls so that loss will be very less, but profit would be huge