To form a view, let's have a look at: 1. Multi-timeframe Technical Analysis 2. Option Chain Data Also, 3 strategies to deploy for: 1. Aggressive Traders (1.85%) 2. Moderate Risk Traders (1.2%) 3. Low-Risk Traders (0.75%)

1. Technicals Let's start with technicals. We'll look at: • Weekly charts • Daily charts. • Hourly / 60 min charts. • 15 min charts.

1. Weekly- • The past 2 weeks indicate that buyers have entered and are trying to lift the market up. • 34000 was a strong support earlier too, this should hold for this week at least.

2. Daily: • If we open flat or gap up on Monday I am expecting this to play out. (See picture) • If gap down happens, then the traders who are long would be in a slight panic and we need to observe the price action again after a couple of days for a broader view.

3. Hourly • Since the market broke the last Lower High (LH), our positions should have a bullish bias. • Traders would keep the last pivot of 34750 as a stop loss for their positions.

Option chain data: • At nearer strikes put sellers are selling more than call sellers. • If this continues for another day, can start selling puts 34500 and below.

Strategies to deploy? 1. Aggressive Traders Can sell strangles of 34100 puts and 36600 calls & manage. ROI is around 1.85%

2. Moderate Risk Traders Can sell strangles of 33700 puts and 36800 calls & manage. ROI is approximately 1.2%.

3. Conservative Traders Can sell strangles of 33300 and 37100. Fetches you approximately 0.75% ROI. You guys should be targeting 2% per month and playing far away from spot levels of BNF. 4 expires per month to make 0.50%.

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