Bigbear2022
Short

Bank Nifty Options 15 Jan 2020

NSE:BANKNIFTY   NIFTY BANK
As discussed Bank Nifty opened below decision range and remained below it whole day. We discussed about the support 32064 yesterday and it proved to be reference hinge for trading today. Overall very low range albeit good money for call writers.

Some friends have sent a message that why market is not moving much and has very low range, eroding premiums very swiftly , well I'm not the one who is driving market,
I am just providing you the window of opportunity which is present in market , take it or leave it. If you can't make money by knowing probable day high & day low , one day in advance then may god help you in whatever you do in your career


Decision Range
32075-32091

Support for the day
31975

Resistance for the day
32183

Expectation
Trend day , 31975 might be tested

My trade
I'll try to short calls near resistance





Jan 15
Trade closed manually: Covered short calls , will send post for tomorrow soon
Jan 15
Comment: 31675 as I write , extension support nearby.
sir, i also hope bank nifty will down 2000-2500 points upcoming 3/4 months
Reply
Bigbear2022 sailendra-nath
@sailendra-nath, nobody makes money by that thinking because pull backs come when you don't expect them , shorting over medium term is not an easy work,anyways good luck
+1 Reply
sailendra-nath Bigbear2022
@Bigbear2022, thats ok
Reply
Sir,

Levels are spot or future ?

Thanks
Reply
@maandim, spot as in trading view
Reply
maandim Bigbear2022
@Bigbear2022, Thanks.
Reply
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