I am posting some charts of Banks which are well poised for a move (Up/down- time will tell).
For now they are close to breakout levels and any favourable announcement by Mr. Rajan will make them shoot 5-10% at least. Yes 5-10% (at least the patterns suggest so!!).
This kind of expected breakout is well played by buying OTM calls and hedging them with any available method, like buying OTM puts along with or selling far OTM calls for limited gains and limited risk.
Guys who like to keep it simple can buy OTM calls and relax (But buy only that much which you are ready to let go in case it turns southwards :) )
BANKNIFTY
ICICIBANK
PNB
SBIN
YESBANK
