Bank Nifty Options 5 Jan 2020

As discussed before open Bank nifty made a high of 31489 against our projected high of 31562 , 31600 CE selling was obvious choice for Kings India traders , it went down 50% in 45 min flat with a risk reward of 1:5 ,giving good start to week. Nifty quotes had some issue due to sgx holiday on Friday and I was not able to receive quotes till 10:30 AM. Nifty trades will resume normal in trading rooms from tomorrow.

Decision range
31190-31204

Support for the day

30904

Resistance for the day

31505

Expectations

Volatile day

Real time updates

Traders are updated before open and during market hours in trading rooms , description and details below