As discussed Bank Nifty hit a morning high of 31317 against our level of 31305 and puts gave good returns with minimal risk in 30 min flat , bank nifty hit a low around 31006 and went up to hit day high in afternoon as usual. Neutral Hedge traders had lot of difficulty today managing volatility , naked put buyers and call shorts had good day. Trading rooms updated before open
Decision range 31172-31264
Support for the day 31081
Resistance for the day 31463
Expectations
Range bound day , can be a watershed day at crucial algo levels
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