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.
Trade closed: target reached
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Target met on both sides. Going out of office now , send dm for any help