As discussed Bank Nifty was unable to cross our resistance level by mid day closing at lower end of decision range. Going short at open and covering around lower decision range gave neat profits of 40% to put buyers , however the day belonged to option sellers who sold on decision range extremes to make some hefty money all day. I updated live that Bank Nifty not crossing 31242 by close might see weakness on Monday.
Decision Range
31213-31244
Support for the day
31094
Resistance for the day
31342
Expectation
Initial gap down followed by selling in last hour
My trade
I'll try to sell calls near resistance
Real time update
Will update on social media platforms whenever I get time
Why a delayed update
Apologies for the delay , I was traveling for a chess tournament in Dresden, Germany
Decision Range
31213-31244
Support for the day
31094
Resistance for the day
31342
Expectation
Initial gap down followed by selling in last hour
My trade
I'll try to sell calls near resistance
Real time update
Will update on social media platforms whenever I get time
Why a delayed update
Apologies for the delay , I was traveling for a chess tournament in Dresden, Germany