today end of session bank nifty formed raising wedge in 15 min time frame.
today's bank nifty close: 35131
if the gap up by 100 points bank nifty will be starting at 35231
so tomorrow maximum market seems likely to open in gap up by 100 points
if the market open gap up by 100 points then it satisfies raising wedge then it will surely fall from 35231 to 34900
target is 34900
net profit is: 300 points
so buy the 35200 PE option.
if the gap down by 100 points bank nifty will be starting at 35031
if the market open gap down by 100 points then also satisfies bearish divergence then it will surely fall from 35031 to 34900
target is 34900
net profit is: 100 points
so buy the 35000 PE option in case gap-down.