As discussed Bank Nifty opened above resistance for the day , only to find resistance against our extended resistance level of 31509. Bank Nifty hit top tick at 31505 and kept sliding whole day to close near day low.
I updated live on social media platforms to go short at 31505 as 31509 will not be taken out today. Call sellers made good money , futures traders made very easy money. Put buyers were not that lucky.
Decision range
31322-31368
Support for the day
31177
Resistance for the day
31462
Expectation
Initial range , sharp down move in last hour
My trade
I'll try to sell calls near resistance
Social media updates
Real time updates whenever I get time
I updated live on social media platforms to go short at 31505 as 31509 will not be taken out today. Call sellers made good money , futures traders made very easy money. Put buyers were not that lucky.
Decision range
31322-31368
Support for the day
31177
Resistance for the day
31462
Expectation
Initial range , sharp down move in last hour
My trade
I'll try to sell calls near resistance
Social media updates
Real time updates whenever I get time