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
VS Balajee