Bigbear2022

Bank Nifty options 3 March 2020

Long
NSE:BANKNIFTY   Nifty Bank Index
As discussed Bank Nifty hit a high near our level 29770 and 29453 break gave way to last hour big fall taking bank nifty to 28571. Last hour puts went up more than 100% .

Decision range
28976-29181
Support for the day
28364
Resistance for the day
29583

Expectation
Initial weakness getting bought , might close at day high

My trade
I'll try to sell puts near support
Real time update
Will update whenever I get time

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.