Bigbear2022

Bank Nifty Options 14 Jan 2021

NSE:BANKNIFTY   Nifty Bank Index
As discussed before open , market made big swings today and volatility increased towards midday. Nifty made a morning high at our level of 14642 , bank nifty hit a high of 32683 against our level of 32622. Premiums were low and anticipating increased volatility towards lunch 32400-600 CE was sold in trading rooms , calls went down 50% before lunch , puts also went 2x-3x depending on entry.

Decision range
32420-32524

Resistance for the day
32787

Support for the day
32250

Expectations
Range bound day

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