srikartiram

BANKNIFTY | Small Cup & Handle inside the channel

Long
NSE:BANKNIFTY   NIFTY BANK
BANKNIFTY | Small Cup & Handle inside the channel - Looks good 1000+ points - Expecting the gap to be sealed

CMP : 35339
SL : 34950
Target : 36500

1:3+ risk reward setup

P.S : Vix is high, market is in consolidation mode so prefer to use spread.

Ex :
Buy 35500 CE
Sell 36500 CE (This would take care of the Time decay, Volatility crash of the option we buy so we dont lose entire premium)
Trade closed: target reached

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