Bank Nifty Options 18 Dec 2020

As discussed in queen gambit before open , Bank nifty remained in range bound mode all day hitting high at 30945 against our level of 30905 , Nifty hit a high near 13730 near mid day against our resistance of 13731 , however movement was listless to give enough money to option buyers whole day. Operators shorted 30800 CE which was deep in money but went down around 60-70% closing around 50 after hitting a high near 200.

Decision range

30790-30826

Support for the day

30673

Resistance for the day

30985

Expectations

Range bound day , refer to queen gambit signals if mkt begins to trend after lunch

Real time updates

Queen gambit traders receive day low day high projections before open , refer to profile description for details