As discussed y'day , put premiums are on heavy side and it won't be easy to stop writers from shorting them. Puts closed on lower side despite index going in red. Bank Nifty found support near 38200 with some local buying happening in last hour.
Decision range 38427-38633
Resistance for the day 38911
Support for the day 37993
Expectations / trading ideas
Buying can be tried near support , expecting some FII squaring after lunch tomm