As discussed yesterday, Bank nifty made a high of 32126 , fell off to enter decision range low 31731 and found support twice in the day, third time it broke 31731 and made a low 31628 , 20 points from our support of 31607. Overall great day for those who watch price action alone as we witnessed good sell off in last hour.
Decision range
31769-31880
Support for the day
31520
Resistance for the day
32017
Expectation
Range bound , sharp rally in last hour
My trade
I'll try to short puts near supports.
Decision range
31769-31880
Support for the day
31520
Resistance for the day
32017
Expectation
Range bound , sharp rally in last hour
My trade
I'll try to short puts near supports.