bank Nifty Options 10 Dec 2019

9 thg 12, 2019

As discussed yesterday , bank nifty made a low 20 pts from our support of 31099 and made a high 20 pts away from our resistance level. Low for the day was 31122 and high was 31537. It managed to enter decision range but never threatened to turn a range day into a trending one. Overall good day

Decision point for the day
31335
Support for the day
31122
Resistance for the day
31539 ( expecting bank nifty to break resistance tomorrow )

Expectation
Trending day , close near day high

My trade
As I had hinted yesterday that Mondays are historically not very trending days for the market so tomorrow since the decision range is just a point, I'll be looking to long calls near support.