Bigbear2022

Bank Nifty Options 12 Oct 2022

Long
NSE:BANKNIFTY   Nifty Bank Index
As discussed yesterday , bank Nifty remained volatile in the session , hitting lows near support of 38602. Option decay was high , call shorts yielded 50-60% easily without much trouble. Put buyers made some money in last hour but most people squared before 3 pm

Decision range
38730-38898

Resistance for the day
39009

Support for the day
38415

Expectations / trading idea

Reversal during day is quite possible , buying at dips should make money in first half

Real time updates

All levels are updated before mkt open , intraday updates and signals were quite timely today

Details can be found below


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