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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Yes strangely reducing limits works to the contrary. Increases risk profile of traders instead of helping them reduce it. Selling 29200 PE @290/ is a good option on daily closing basis.
Increases risk profile of traders instead of helping them reduce it.
Selling 29200 PE @290/ is a good option on daily closing basis.