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Bigbear2022
Feb 19, 2020 11:36 AM

Bank Nifty options 20 Feb 2020 Short

Nifty Bank IndexNSE

Description

As discussed market opened near 30941 resistance and fell down below up to 30600 , finding some bids and closing mid way. Overall volatile day with most of the trading occurred around 30800 futures. Whether this was distribution or accumulation will be known from opening tomorrow.

Decision range
30768-30820
Resistance for the day
30985
Support for the day
30647

Expectations
Trend day , with market opening guiding course for whole day
My trade
I'll try to short calls near resistance
Real time update
Not available tomorrow
Expiry tip
You can try 30600 PE around 20-25 rs for a target of 75
Comments
Siddraj724
Sir Maine banknifty k 2 lot 20 Feb 2020 PE 30600 k kharide h caary forward m mujhe Kya krna chahiye Kya Maine sahi trade liya h
WakgTechSolutions
@Siddraj724,
Tomorrow also gapup 200- 250 points opening, but not come down continue to up side movement.
abdulkk
@wakg9200, yea! its been going up.. good i dint short it!!!
Bigbear2022
@Siddraj724, jab okhli mein sar de hi diya to moosal se kya darna , good luck
uhbreddy
Thank you sir
uhbreddy
Sir or view on tatasteel support and resistance
Bigbear2022
@uhbreddy, tata steel trend day tomorrow , opens up will close at high , opens down will close at day low
uhbreddy
Thank you
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