Bigbear2022

Bank nifty 7 oct 2022

NSE:BANKNIFTY   Nifty Bank Index
As discussed day before y'day bank nifty opened higher closing near resistance level for the day with expiry near 39300 as expected. Over all trading was range bound throughout day with options giving limited movement. Option sellers got in profit before lunch itself.

Decision range
39318-39420

Resistance for the day
39511

Support for the day
39129

Expectations for the day / trading idea

Very narrow range is expected , option buyers are advised to enjoy early weekend and try buying on monday

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