Bank NIfty Options 16 Mar 2020 - Possibilities ahead

As discussed live Nifty started the day with limit down but 8995 break paved the way for 10000 Nifty as discussed on social media platforms. These are violent times and such moves come just by chance.

There's auction gap at 9384 which I indicated but there's nothing to show greatness amidst these maniac moves because mathematical probabilities and real life occurrences are not always congruent . Movement in absolute terms have been more than the imagination of any analyst or trader because these are biggest moves in last 100 years.

I am expecting calmness and normal trading to resume from next week, traders made good money yesterday but orders were getting rejected in morning due to which futures traders were able to push few orders and option premiums were very high. Put sellers made good money. I was able to push some orders on sgx but it was chaos all around, overall maniac phase gets over and we are back to normal trading from next week.

Decision range
Support for the day
Resistance for the day

Range bound day , higher open might induce selling into mid day , and short covering in end

My trade
I'll try to short calls at higher levels and puts at supports

Real time trade

I'll post on social media platforms whenever I get time

Crude update : I've been sending crude updates directly to whosoever ask me directly , as I've to trade some additional instruments this month for my firm so I get little time to update crude due to US mkt timings.


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