Bigbear2022

Bank Nifty Options 7 Jan 2020

Long
NSE:BANKNIFTY   NIFTY BANK
As discussed Bank Nifty broke below support of the day 31908 and kept crashing whole day unabated. Overall jackpot day for put buyers / call sellers.

Note : Trading view has blocked my bank nifty idea for 6 Jan and Dlf short idea because I mentioned my twitter handle in the post , so I won't be posting anything here which might seem to be unsolicited advertising to them.

Decision range

31343-31532
Support for the day
30964
Resistance for the day
31713

Expectation
31713 might be tested , sharp upmove in mid day

My trade
I'll try to short puts at support

Whatsapp contact +46 700319761 ,telegram @bigbearhammer , public telegram link https://t.me/bigb2022

Comments

Buy 25 lots of 31800 at 52
Hold or exit?
Any view
Reply
Bigbear2022 munishjsharma
@munishjsharma, I won't comment like pundit or weather department , I just provide intraday trading ideas. Next time take my advice before holding then I would be able to follow up based on my judgement
Reply
RahullguptA munishjsharma
@munishjsharma, 25 lots of 9th Jan expiry?
Reply
munishjsharma RahullguptA
Reply
im also expected up move tmro
Reply