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/Telegram contact +31 647996002
Telegram handle = bigtrade21
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