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Bank Nifty options 8 Jan 2020
Nifty Bank Index
Short
Bank Nifty options 8 Jan 2020
By Bigbear2022
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Jan 7, 2020
7
Jan 7, 2020
As discussed Bank Nifty found day high at our resistance and decision range was enough reference to go long in mid day for heft gains towards close.
Decision Range for the day
31438-31523
Support for the day
31116
Resistance for the day
31769
Expectation
Initial rally to get sold , sharp up move towards close
My trade
I'll try to sell calls at resistance and buy calls at support
BANKNIFTY
NIFTY
Trend Analysis
Bigbear2022
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