Bigbear2022

Bank Nifty options 14 Feb 2020

Long
NSE:BANKNIFTY   NIFTY BANK
As discussed Bank Nifty opened right at resistance and broke support of the day quite easily. 31300 PE hit 100+ 31400 PE hit 200+ , anyone who shorted today via futures , options made good money. Put buyers broke the cycle of misfortune today and made tons of money.

Decision range
31291-31411
Support for the day
31057
Resistance for the day
31520
Expectation
Initial weakness to be bought, sharp upmove in last hour
My trade
I'll try to short puts near support
Real time update
Today I was very active due to expiry , but I'll post whenever I get time

Whatsapp/Telegram contact +31 647996002
Telegram handle = bigtrade21
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.