Banknifty August monthly expiry Trade Idea
Expiry Trade:
If open gap-up in the range of 35850-35900: buy 35900 put for the target of 35600
if open gap-down: wait till it reaches 35500 and if taking resistance at 200 ema in 5 min chart,
buy 35500 pe
or if goes down after gap-down, wait for the price to come near the demand zone (35000-34800)
and buy 35000 ce if any technical pattern forms on 5 min chart in the demand zone
If open gap-up in the range of 35850-35900: buy 35900 put for the target of 35600
if open gap-down: wait till it reaches 35500 and if taking resistance at 200 ema in 5 min chart,
buy 35500 pe
or if goes down after gap-down, wait for the price to come near the demand zone (35000-34800)
and buy 35000 ce if any technical pattern forms on 5 min chart in the demand zone
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