Bigbear2022

Bank nifty Options 19 Oct 2022

Long
NSE:BANKNIFTY   Nifty Bank Index
As discussed in morning , shorting is not very fruitful for another 2-3 sessions , mkt remained in tight range gearing up for an extended move tomorrow. Short side trading should be initiated on friday or monday

Decision range
40277-40342

Support for the day
40136

Resistance for the day
40612

Expectations / trading idea

Market is expected to trade in extremely narrow range , option buyers should not seek for big reversals during day , decay might kill them

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