NSE:BANKNIFTY   Nifty Bank Index
Long bank only if 15 min candle closes above 30845.80 for call option buy trade. Use these trendline and fibo levels for scalp intraday trades. The market will be volatile . Best thing to do is use a strangle (Sell call put in a range ) and sell few more lots if premium increases on either side . If scared hedge with buying far OTM call put. This hedge part is used by big fund houses like JP Morgan , Barcklays etc to hedge their billion dollars in trading. Like they do insurance of their billion dollars by paying few crores, :p.
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