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Weekly Outlook [30-Oct-2023] - BankNifty & Other Indices

Nifty Bank Index (NSE:BANKNIFTY)  
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NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Chart Patterns Beyond Technical Analysis BANKNIFTY OTM atm shortsetup
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trendanalysis chartpattern beyondta banknifty otm atm shortsetup
Last week, Banknifty formed a wide range bar. We can expect a pause this week, and anticipate an Inside Candle formation. Best option right now is index plays with short option. Plan for OTM Short Strangle or ATM Short Straddle. But due to very low VIX regime, maintain tight stop loss.
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