Bigbear2022

Bank Nifty Options 18 Feb 2020

Long
NSE:BANKNIFTY   NIFTY BANK
As discussed Bank Nifty made a high around our level of 30940 and low around our support of 30602. However volatility occurred in first 30 min avoiding us to take positions in opening range. We tried to take positions at lower end but futures auction kept happening around lower range avoiding any buyer to lift the auction price. Money making opportunity is not available in such market and we were no exception.

Decision range
30727-30813
Support for the day
30540
Resistance for the day
30909
Expectation
Range bound with late hour spike
My trade
I'll try to short puts near support
Real time update
I'll update when I get time
Note :
High probability trade is available for expiry now

Whatsapp/Telegram contact +31 647996002
Telegram handle = bigtrade21
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