As discussed yesterday , Bank nifty broke above 31122 and went into trend mode from range mode. Broke Resistance of 31380 and pushed to close at 31555.
Outlook for tomorrow - Range Bound
Key Pivot range for tomorrow lies between 31322-31480. Resistance lies at 31754.
My Trade : An opening push towards 31754 will be a good point to sell calls for a target inside the pivot range. If market opens flat or down , selling puts inside pivot range of 31322-31480 should be an ideal strategy.
Outside chance - If bank Nifty manages to break pivot range of 31322 then support lies at 31207 which can be a good point to sell puts.
Outlook for tomorrow - Range Bound
Key Pivot range for tomorrow lies between 31322-31480. Resistance lies at 31754.
My Trade : An opening push towards 31754 will be a good point to sell calls for a target inside the pivot range. If market opens flat or down , selling puts inside pivot range of 31322-31480 should be an ideal strategy.
Outside chance - If bank Nifty manages to break pivot range of 31322 then support lies at 31207 which can be a good point to sell puts.