Bank Nifty Options 12 Dec 2019

11 Ara 2019

As discussed Bank Nifty made a high 31337 which was 2 points from our resistance level. It made a low around our support zone , although last hour volatility pushed bank nifty further to 30996 where it could not stay for 30 min and we saw a sharp reversal towards close. Overall , good day for those who just watch price action to make trading decisions. Hopefully my subcribers were able to make some money out of those key levels.

Decision range for the day
31163-31228
Support for the day
31055
Resistance for the day
31398

Expectation
Range bound , sharp upmove after 12 pm

My trade
I'll try to short puts near support