Bigbear2022

Bank nifty options 4 Dec 2020

NSE:BANKNIFTY   NIFTY BANK
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
29483-29600

Support for the day
29275

Resistance for the day
29722

Expectations

Wild swings

Real time updates

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