BankNifty Weekly - The first hurdle is at 31650 on weekly timeframe and the next one is all time high post that which is at 32613 , which is under a 1000 point distance now
BankNifty Daily - Index has given a fresh breakout move yesterday on charts and gave a bullish close yesterday.
BankNifty - 15 min TF - With 31270 as a Stop loss I will like to be a part of this recent breakout. How can I do it via options , scroll down and this is how I am looking to play it.
Option strategy to play the up move in BankNifty, SL for this is break of 31270 spot level.
Buy 31500 Monthly CE - 1 lot
Sell 33000 CE 14 Jan - 1lot
Sell 30500 PE 14 Jan - 1lot
Risk is nearly 5000 per lot in case index breaks 31270. When it does that we exit the trade, while max profit is around 23000
