Bank Nifty Options 9 Jan 2020

8 thg 1, 2020

As discussed Bank Nifty opened with a big gap down below support level, however it managed to close above support in 15 min, rallied back to decision range lower range sold off and rallied back again from support zone. Overall tremendous day for range traders.

Decision Range
31172-31305
Resistance for the day
31580
Support for the day
31030

Expectation
Initial dip to be bought , sharp up trend in last hour

My strategy
I'll try to short puts at support