Bank Nifty Options 30 Dec 2020

As discussed Bank Nifty hit a morning high of 31317 against our level of 31305 and puts gave good returns with minimal risk in 30 min flat , bank nifty hit a low around 31006 and went up to hit day high in afternoon as usual. Neutral Hedge traders had lot of difficulty today managing volatility , naked put buyers and call shorts had good day. Trading rooms updated before open

Decision range
31172-31264

Support for the day
31081

Resistance for the day
31463

Expectations

Range bound day , can be a watershed day at crucial algo levels

Real time updates

Trading rooms updated , description below