Bank Nifty in Consolidation mode after showing high volatility

Bank Nifty has shown lot of volatility in past few session, now it is neither breaking its crucial support 43000 and resistance of 43400. Today VIX further dropped below 15% which further confirms consolidation for both index.

Market will wait for Financial Budget 2023 for further direction. The news of COVID, US Rate Hike, Russia Ukraine war is already factored in market.

This indicates return of glorious days for option seller.

Disclaimer.
I am not a registered research analyst, this is for only education purpose.