Bigbear2022

Bank Nifty options 9 Nov 2020

NSE:BANKNIFTY   NIFTY BANK
As discussed before open Bank nifty made a high of 26492 against our high of 26507 before lunch. It broke past the resistance post lunch to hit a high of 26853 and continued to trade in the top range without giving any correction.

option buyers got stopped by 30 points post lunch

one may argue that buying past resistance makes sense , but it's not easy to ascertain the amount of move in advance and works perfectly in hindsight only.

Live trading strategy is different from fluke trading or astrological predictions and bad day/week is a trading reality. Strategies are forever , bad weeks come and go

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Decision range

26484-26706

Support for the day

26341

resistance for the day

27080

Expectations

Wild day with big swings

Real time updates

Operator updated Nifty level of 12241 before open , rest he'll update whenever he gets time

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#Nifty #Bank nifty
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.

Comments

Worth noting@
+2 Reply
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