Bigbear2022

Bank Nifty Options 22 Mar 2021

NSE:BANKNIFTY   NIFTY BANK
As discussed before open bank nifty hit a low of 33361 and high of 34355 against our low high projection of 32990 and 34268. Algo picked low of the day at 9:30 and easily hit a target of 20%. Nifty was sold around 11:30 but puts fell short of target today with markets taking out the resistance later in day. Algos were very accurate today in picking calls on a trend day near day low.

Decision range
33864 - 34063

Support for the day
33565

Resistance for the day
34560

Expectations

Volatile day

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