Bigbear2022

Bank Nifty Options 22 July 2022

NSE:BANKNIFTY   Nifty Bank Index
As discussed yesterday , expiry exhibited true range , with buyers and sellers getting equal returns from lower and higher range throughout day. Breakaway rally was not possible with call writing on 36300 as explained y'day.

Decision Range
36102-36187

Resistance for the day
36399

Support for the day
35941

Expectations
Another range bound session , probably the last session before we enter high volatility zone next week

Trading Idea
Trusting the range for buying and selling

Real time updates
Updated in groups before mkt open and throughout day

BBRS Indicator signals

Sell mode

Probability of success = 67%

Time frame - 3 days

Rest of the details can be discussed below


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