Bank Nifty Options 14 oct 2020

As discussed yesterday Bank Nifty hit a low of 23431 against our level of 23445. Nifty resistance for 11963 was posted in public forum. Market made an initial pull back and continued to push lower in a range. Option movement was stiff but still put buyers made some money.

Decision range

23527-23602

Support for the day
23353

Resistance for the day

23704

Expectations

Trend day

Real time updates

Most of the updates are done at public forums

Note on oncoming correction in global markets

As we approach mid October , global markets are set to make a year high and will be good time to trade volatility . Traders will see unprecedented rise in VIX which will lead to making and breaking of fortunes in coming weeks. My followers are all set to chart this volatility , hope everyone is able to do so

Author can be contacted for monthly projections of Nifty and Bank Nifty for rest of 2020 and beyond