Bank nifty options 4 Dec 2020

As discussed before open on queen gambit and public channel (description in profile ) bank nifty hit a high of 29813 against our levels of 29888 , nifty hit a high of 13216 against our level of 13221. Morning opening sell near upper range was only choice today , with low volatility not allowing any major mid day moves.

Option selling margin hike is not allowing low cap traders to sell options and earn , forcing them to buy which are turned powder from pro and local end. This is new reality which traders need to adapt in coming months

Decision range

Support for the day

Resistance for the day


Wild swings

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