Bank Nifty Options 5 Feb 2020

2020年2月4日

As discussed Bank Nifty opened above our resistance , we tried to short against it but were stopped out. We tried to short supply gap of 30560 but were stopped out again. Overall, it was one way up market till 11:30 and then it went no where for rest of the time and we had to book loss of 60 points in the day. An off day which I would call inevitable once a while where market starts to chase you down.

Decision Range
30479-30614

Support for the day
30331

Resistance for the day
30910

Expectation
Range bound session , sharp selling in mid day

My trade
I'll try to short calls near resistance

Real time updates
I'll try to update on my social media platforms
Note :: I have made a loss of 60-65 points today and I am upset for all of my followers so we come back roaring tomorrow