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Bank Nifty options 20 Dec 2019
Nifty Bank Index
Long
Bank Nifty options 20 Dec 2019
By Bigbear2022
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Dec 19, 2019
6
Dec 19, 2019
As discussed Bank nifty made a low at our support zone and moved above decision range from there. Overall, very good day for option sellers.
Decision Range for the day
32207-32230
Support for the day
32107
Resistance for the day
32350
Expectation
Initial dips getting bought , sharp rally in afternoon
My trade
I'll try to sell puts near support
BANKNIFTY
NIFTY
Trend Analysis
Bigbear2022
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