Bigbear2022
Short

Bank Nifty Options 10 Jan 2020

NSE:BANKNIFTY   NIFTY BANK
As discussed Bank nifty opened above resistance , and price level followers instantly knew that a big trend day is on cards and selling puts or buying calls will yield big money eod . It happened exactly as we thought and tremendous day for level traders. Those who trade on gut feeling or overbought/oversold indicators were royally slaughtered.

Decision Range
31921-32035
Support for the day
31779
Resistance for the day
32291

Expectation
Initial rally getting sold ,some selling might come in mid day

My trade
I'll try to short calls near resistance

Comments

Great job sir! Are we expecting drop in second half?
Reply
Bigbear2022 rachitstnd
@rachitstnd, yes , we're short on 32500 ce , hope the high of the day holds
Reply
rachitstnd Bigbear2022
@Bigbear2022, It did... thanks
Reply
Sir
Your analysis on Bank nifty is excellent
Started following you

Regards
Reply
Bigbear2022 Indranilbasu05
@Indranilbasu05, Thank you
Reply
BullV Bigbear2022
@Bigbear2022, Great analysis,Keep it up bro.
Reply
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