Bank Nifty Options 6 Feb 2020

5 Şub 2020

As discussed 30913 gave was resistance for bank nifty where it sold off to reach a low around 30650. Thereafter later in the day resistance broke and bank nifty closed near day high. Overall great day for those who follow levels and not news. I had also issued an advisory on social media platforms that 30852 is the last fort for shorts today and thereafter market went to make day high. Overall great day for everyone and everyone made money.

Decision Range
30846-30947
Support for the day
30729
Resistance for the day
31170

Expectation
High to be made around 11 , last hour can see some volatility
My trade
I'll try to short calls near resistance
Social Media updates
I'll update whenever I get time