Bank Nifty Call Option Tips for Today

Bank Nifty Call Option Tips

BankNifty Spot View For 21/12/2022
Cmp: 43359.50
Support & Downside Range: 43160--42955
Resistance & Upside Range: 43500—43552 zone, 43743—43790 zone, 43894--44031
Short-Term Trend Reversal Level: -- 44135

Trading View: Yesterday we saw a sharp recovery in the bank index from the last strong support zone of bank bulls which was the 42948—42900 zone, now in today's market key level to watch is the 43500—43552 spot zone which is the 50% retracement level of entire fall from 44135 to 42955 if bank index cross and sustain above it for 15-30 mins then pull back move gets extend minimum till 43743—43790 which is 66% retracement level and max 43894—44031 which is 78.6% to 90% retracement levels, and key level to watch here is 43790 spot can bank bulls able to get a close above this levels or not.

Make use of our Bank Nifty Call Option Tips and be a part of the profit-making group in the Indian stock market.

Keep an eye on the pharma sector as this sector is strengthening and this sector moves opposite of the banking sector thus banking stocks will have to cool down for giving impetus to the pharma sector. Thus trade with light positions in Bank Nifty call i.e. CE option. You need to keep an eye on India VIX as we anticipate the VIX shooting up in today's market.

BankNifty - Current Expiry - Critical Option Analytics Data
Strongest Support	Strengthening Support	PCR	MaxPain	Strengthening Resistance	Strongest Resistance
43300	43300	0.678389	43400	43500	43500

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Banknifty live update cmp 43289 below 43250 spot we might see more selling in it which may lead it towards 43175—43000—42950 spot levels

Indian markets may benefit from the US recession, according to Credit Suisse 

📮 Dan Fineman, co-head of equity strategy for Credit Suisse’s Asia Pacific region, predicted that the US economy would soon enter a moderate recession.

📮 He continued by saying that Asia, including Indian markets, might benefit from the US downturn.

📮 In an environment when Western countries are on the verge of a slowdown, India, in Fineman’s opinion, “has a very robust economic cycle and a positive structural prognosis.”

No one can loose money in share market. Market  gives daily 2 chances. 

1.  Make money... 

2. If lost, come again and recover your money... And come next day...

Gyan of the day

Q :How to trade in high vix environments?

A : Reduce your quantity and keep wider stops so that volatile spikes don’t hit your SLs that easily.