Bank Nifty 20 Jan 2023

As discussed y'day mkt remained in high volatility zone with sellers having little edge after noon. This explosive volatility in options likely to subside tomorrow with either a trend day or totally dead day. Both scenarios have played out in past with similar data points.

Decision range
42322-42373

Resistance for the day
42483

Support for the day
42077

Expectations for the day
Trend day , however may result into a total nonsense day for option buyers too , so traders are advised to manage risk

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