Option Buyers, please stay away from the market. Implied Volatility is too high right now in Nifty and Bank Nifty index due to which it is too difficult to earn any money.
Hope you remember how Option Call prices were flat even when Nifty was up 150 points on Election Result day. This is what happens when IV is too high.
If you still want to trade, then trade in Cash or Stock Futures segment.
Cheers,SG.