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
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
Trade closed manually:
Covered short calls , will send post for tomorrow soon
Comment:
31675 as I write , extension support nearby.