Bigbear2022

Bank Nifty Options 19 Mar 2021

NSE:BANKNIFTY   NIFTY BANK
As discussed before open Bank nifty made a low of 33597 against our projection of 33812 , breaking the lower range as anticipated. Nifty puts of 14800 easily went past target of 64 from our price of 25. Market made a false trap rally around 12 PM , trading rooms and operators waited patiently for 3 hours before opening trades as it reached our comfort level. Puts went on to hit 300+ in last hour.

Algo took 14750 PE in anticipation at opening but was stopped out in decay . Fixed stops has demerits but only way out to survive in long term.

Decision range

33949-34201

Resistance for the day

34573

Support for the day

33666

Expectations

Trend day

Real time updates

Private trades were shared with public channel as algo was not going to enter second trade ,for benefit of traders

details can be found below


Telegram id @bigbearhammer, Whatsapp contact +46 700319761 ,
Public telegram - https://t.me/bigb2022

Follow on Tradetron for algo :
SD - https://tradetron.tech/strategy/473943
IJ - https://tradetron.tech/strategy/625735

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