According to the chart analysis, Bank Nifty is quite bearish. As you can see in the chart there is a head and shoulder pattern, although it is not an ideal one, it can show its significance once it breaks the respective trend line. If Bank Nifty opens in a Bullish way then you can expect a decent volatile session as the India Vix is only 1.5% up. This market is the exactly the type of market where the sellers can eat the premium and take advantage of the decay by selling an out-of-the-money option.
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*Disclaimer*- This is just an analysis of the data on the basis of technical factors such as chart patterns, candlestick patterns, trend line , option chain data, etc,. Stock Market or Trading in any type of market is subject to high financial risk. You should see this idea as just an analysis. You are not obliged to follow my instructions. You will be responsible for all types gains or loses in the market.
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*Disclaimer*- This is just an analysis of the data on the basis of technical factors such as chart patterns, candlestick patterns, trend line , option chain data, etc,. Stock Market or Trading in any type of market is subject to high financial risk. You should see this idea as just an analysis. You are not obliged to follow my instructions. You will be responsible for all types gains or loses in the market.