Bank Nifty Options 16 Dec 2020

As discussed in queen gambit before open Bank nifty hit a high at open of 30805 against our projection of 30868 , Nifty hit a low of 13447 against our projection of 13481. Morning probabilities were in favour of more downside towards mid day but fall was arrested and Nifty made a high of 13589 against our range of 13587.

Kings indian resumed their trading today however , not enough movement was seen after nifty hit a high of 13589 after lunch. We shorted the high of 30800 CE near 230-240 but hardly 15% down move was witnessed during close.

Decision range
30566-30652

Resistance for the day
30893

Support for the day
30419

Expectations

Wild volatility moves

Real time updates
Traders are issued before open strategy and levels on queen gambit and real time updates on radio channel
( description in profile )