Bank Nifty Options 5 Dec 2019

4 thg 12, 2019

As discussed yesterday bank nifty found support at our support levels and went up to hit our resistance level. It retraced back to decision range and went to close at day high blasting through the resistance in last hour.

Decision point
31731-31893
Support for the day
31607 ( might be tested tomorrow)
Resistance for the day
32190

Expectation
Rangebound , Sharp fall in last hour

My trade

I'll be looking to long puts at resistance