As discussed yesterday , bank nifty broke our support of the day and never came back above it triggering stops on long side.
Decision Range
31655-31722
Support of the day
31432
Resistance for the day
31868
Expectation
Rangebound , sharp rally in last hour , might challenge 31868
My trade
If bank nifty opens below decision range , I'll long calls at 31432. If it breaches support and stays there for 30 min, we will initiate short trade.
Decision Range
31655-31722
Support of the day
31432
Resistance for the day
31868
Expectation
Rangebound , sharp rally in last hour , might challenge 31868
My trade
If bank nifty opens below decision range , I'll long calls at 31432. If it breaches support and stays there for 30 min, we will initiate short trade.
Trade closed: target reached:
Target met on both sides. Going out of office now , send dm for any help