Bank Nifty options 2 Jan 2020 Long

Nifty Bank IndexNSE

Description

⋅ Jan 1, 2020 10:18 AM

As discussed Bank Nifty found day high and day low right at our resistance and support levels. However , not much was possible today owing to low volumes.

Decision range for the day
32137-32199
Support for the day
31989
Resistance for the day
32282

Expectation
32282 might be tested tomorrow

My trade
I'll try to short puts near support

Comments

praburam

⋅ Jan 1, 2020 10:37 AM

tomorrow shall i take put strike price @ 32200 ???

Bigbear2022

⋅ Jan 2, 2020 12:16 PM

@praburam, I dont think its a good idea