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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
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
Whatsapp contact +46 700319761 ,telegram @bigbearhammer , public telegram link https://t.me/bigb2022
Comments
Your analysis on Bank nifty is excellent
Started following you
Regards