Banknifty if going to hit 40k soon.
And this Scrip will be impossible to trade after that. Volatility will be high.
Option premium will be high.
Minority traders with low capital might get in trouble to trade in this index.
If you want proof you can go and check MRF stock how it moves .. you will find more wild move in Banknifty at that rate.
In a longer time frame Both indices are still weak and in a negative trend.. As always on the day of Budget expecting a volatile market on Monday.
Both indices close to 0.786 retracement ..
Do not trade on Monday or plan a spread
Buy ATM CE and PE at once and make sure both the Strike prices are really close to each other (5-20 point variation is the max)