Bigbear2022

Bank Nifty Options 7 Feb 2020

Short
NSE:BANKNIFTY   NIFTY BANK
As discussed Market found resistance at 31143 against our level and found good selling and formed a low around 30917. I updated live to book profits and don't go in heavy on expiry days. We got in 31000 PE around 70 and sold off at 142. Thereafter market broke the resistance of 31162 and made a high of 31470 before coming down in last hour turning 31400 and 31300 CE worthless. Overall , great day for everyone who watches levels rather than getting into emotional trading.

Note : I post levels and my viewpoint for next day , risk management and booking profits in time , you need to do on your own ,I don't have access to your trading accounts :)

Decision Range
31183-31266
Support for the day
30991
Resistance for the day
31540

Expectation
Initial rally sold into last hour

My trade
I'll try to sell calls near resistance

Real time updates
I'll update whenever I get time
Whatsapp contact +46 700319761 ,telegram @bigbearhammer , public telegram link https://t.me/bigb2022

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