Bigbear2022

Bank Nifty Options 12 Mar 2020 - Expiry

Long
NSE:BANKNIFTY   NIFTY BANK
As discussed yesterday Bank Nifty did support the lows but it could not take off in last hour beyond 26800 against our expectations of 27000. Premium decay was only order of the day, therefore we got into in the money 26000 CE and traders made some money besides some scalping here and there.

Decision range
26493-26511
Support for the day
26216
Resistance for the day
26777
Expectation
Range bound volatility to continue , if gap up then may be trend towards close
My trade
I'll try to short puts near support
Real time updates
Will update whenever I get time

Expiry tip
11600 CE can be tried
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.

Comments

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