Bank Nifty Options 19 jan 2021

18 thg 1, 2021

As discussed before open Bank nifty hit a morning high around 32415 against our projection of 32383 , market hit a low around noon at 31813 which was utilised to sell 31700 PE after morning short covering , it went down 50% in next hour as expected followed by big selling into close resuming the main trend. Volatility was less than Friday as expected

Decision range
31882-32043

Support for the day
31485

Resistance for the day
32283

Expectations

Wild volatility again

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