Bank Nifty has been trading sideways to positive around 49,800-49,900 levels on June 11, near its upside resistance zone. According to experts, any sustainable move above 50,000 will likely give momentum to the index to resume an upside rally.

Akshay Bhagwat, Vice President of Derivative Research at JM Financial, has a positive view on Bank Nifty with an expected expiry zone of Rs 50,200-50,300. "For the June 11 expiry, Bank Nifty has high open interest set at 49,000 PE and 51,000 CE. The first hurdle is to overcome 50,000, after which momentum will gain in Bank Nifty," said Bhagwat.

Bhagwat recommends a ratio call spread strategy, which benefits from a moderately bullish view, with no risk if the index falls. However, the strategy may make a loss if the index rises above a threshold.

Bank Nifty June 12 Expiry: Ratio Call Strategy- Buy 1 lot 50,000 CE (call option) @ Rs 140- Sell 2 lots 50,200 CE @ Rs 80- Max profit: Rs 2,550, when index is at 50,250- No downside risk: Profit of Rs 300 if Bank Nifty expires below 50,000

- Risk / Stop Loss above 50,450 (Spot): Loss increases Bank Nifty rises above 50,450.

Also read: Option Strategy of the day| Long build up in HCL Tech, deploy bull call spread for upside

The Bank Nifty index is trading near all-time high levels, and has given a consolidation breakout on the daily charts.

Arun Kumar Mantri, Founder of Mantri Finmart, finds the index components strong and expects it to surpass 50,000 on the daily charts during the current expiry. "The technical indicators are also exhibiting bullish signs, and the positive momentum is likely to continue in the coming sessions as per the recent price and volume action," he said.

Also read: F&O Manual| Nifty gains but faces stiff resistance at 23,550, may see profit booking from current level

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