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BANKNIFTY Update 17. 12. 2020

Updated: Dec 21, 2020

December historically has been a ranging month. In the private channel we haven't done much but held on to a longer trending view. We had shorted BANKNIFTY 17th DEC 30000PE and exited today with an amazing profit. Will look to take fresh positions tomorrow.

Banknifty Resistance Zone - 31074.15/30870.95

Support Zone - 30525.80/30383.85

Trade: will look for a range bound strategy. Possibly an iron condor or a straddle.

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