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
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