Bigbear2022

Bank Nifty options 27 Sep 2022

NSE:BANKNIFTY   Nifty Bank Index
As discussed yesterday , market remained extremely volatile with lows being bought and resistance got shorted keeping market in range through out day. Put premiums are on very heavy side, massive gains in intraday trade isnt easy. Option writers should get active pretty soon

Decision range
38683-38877

Support for the day
38296

Resistance for the day
39123

Expectations / trading ideas
Trend day post lunch , last hour one way move is quite possible

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