Bank Nifty options 18 Mar 2020

As discussed live on social media platforms , I updated 23418 is bank nifty resistance and only a miracle can take it above those levels. Failure of resistance will lead to sharp selling up to 22292. I also advised retail to abstain from buying options because premiums being very high are likely to decay in coming sessions. Seller straddles have been shared with those willing to sell 50-100 lots for expiry.

Delay in today's update - Apologies for the delay , but as I have earlier shared with followers that due to excessive volatility in Dow futures , my office timings have been altered so I am getting less time to update Indian markets. Traders are free to connect with me directly if they require any assistance

Decision range
22319-22726
Support for the day
21629
Resistance for the day
23063

Expectation
Trend day , market might close at day high
My trade
I'll try to short puts near support

Trading tip : If you trade on high margin , then you should try to keep capital intact because no level or tip will help you in 600-800 pt volatility. If you want to stay safe and deploy safe strategies of straddles , feel free to connect with me.

Real time update
Will update whenever I get time