Bank Nifty Options 2 Dec 2022

١ ديسمبر ٢٠٢٢

As discussed yesterday , bank nifty made a high right near 43500 and hit low at lower decision range at 43100. Afternoon volatility was on expected lines ( refer to y'day post ) and mkt easily went on to hit lower range , thereby giving massive 4x returns within a span of 40 min. Traders interested in going long from lower end made 2x or wherever they seem ok to get out. We got out once puts hit targets

Decision range
43266-43321

Support for the day
43050

Resistance for the day
43493

Expectations

Lot of people sent me query regarding as to when bear cycle can begin , I have already noted in some earlier post that markets will get volatile first , then fail to reach resistance , then fall , tuesday 6th dec , i have mentioned that its my best guess

Real time updates

traders were fully ready for afternoon , levels etc will be shared in morning before open

for more details
refer below