BANK NIFTY for 11 Oct

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BANKNIFTY

Case-1
If market open gap-up and sustain
Buy Call Option If Sustain @ 38089 Target is 38377 beyond that trail stop loss or booked profit
there is strong possibility that market may reverse from 38377 because 38377 is strong resistance
If market reverse from 38377 Buy Put Option @ 38377 Target is 38089 beyond that trail stop loss or book profit

Case-2
If Market open gap-down and sustain
Buy Put Option @37668 If Break and Sustain support trendline & 37668 Target is 37357 beyond that trail stop loss or booked profit
there is strong possibility that market may bounce back from 37357 because 37357 is strong Support
If market reverse from 37357 Buy Call Option @ 37357 Target is 37668 beyond that trail stop loss or book profit

Case-3
If market open flat avoid trade and wait for breakout because in this case market may go into consolidation phase