BANKNIFTY 09-OCT-2020 DAILY ANALYSIS

May be today banknifty is highly volatility.
Reason : RBI Interest Rate Decision -> 11.45AM

Buy above 23400

Tgt - 23580-23600


Sell Below 23100

Tgt - 22880-22900

Its my point of view

Trade Safely

Use Stoploss

Comment:

Riskless Trade

1 -> 22900 PE Buy above 320 SL 254 Tgt 380, 400
2-> 23600 CE Buy above 305 SL 244 Tgt 380, 400

Comment:

Risk Trade 22900 PE Buy 200- 210 SL 168 Tgt 320, 380, 400

Comment:

Riskless Trade 23600 CE -> 360++

Comment:

Hit 1st Target 23580

Comment:

Riskless Trade 23600 CE -> 390++

Comment:

Riskless Trade 23600 CE -> 420++

Comment:

Riskless Trade 23600 CE -> 480++

Comment:

Riskless Trade 23600 CE -> 530++