Bank Nifty Options 21 July 2022
As discussed in morning update , Bank Nifty should see some selling after 12 PM once the gung ho atmosphere subsides. BBRS ( Big Bear Reversal ) Indicator went into sell mode in afternoon at 36166 , selling 36300 call was very reasonable today as morning tick itself showed an offloading of 10 lac contracts from FII Desk.
Tomorrow expecting expiry to be little range bound with less possibility of a zero - hero trade , if there's one will be updated
36200 Puts gave decent return today , rest we'll see how it goes tomorrow
Decision range
36000-36040
Support for the day
35818
Resistance for the day
36152
Expectations
Dull Expiry
Real time updates
Updated in group before market opens
BBRS Indicator update
Sell mode
reliability - 69%
Time frame - 4 days
Rest details can be found below
Tomorrow expecting expiry to be little range bound with less possibility of a zero - hero trade , if there's one will be updated
36200 Puts gave decent return today , rest we'll see how it goes tomorrow
Decision range
36000-36040
Support for the day
35818
Resistance for the day
36152
Expectations
Dull Expiry
Real time updates
Updated in group before market opens
BBRS Indicator update
Sell mode
reliability - 69%
Time frame - 4 days
Rest details can be found below
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