BankNifty opened flat today and gave a great rally in the morning 30 mins, post that it was trading in a range.
Trades we took today -
> Bought BankNifty 35200 PE at 370 which we booked with 40 points loss > Bought BankNifty 35300 PE at 360 which we booked with 30 points loss > Bought BankNifty 35500 CE at 440 and we added more at 380 which we booked at a cost due to slow movement > Bought BankNifty 35400 CE at 420 which went towards 500 and Traders booked good profit in this Trade > Bought BankNifty 35600 PE at 390 which went above 450 but we asked Safe Traders to exit at cost as there was no movement
Overall, a choppy day for BankNifty Option Buyers.
BankNifty has given the Breakout and we can see another good move on the upside if it Breaks 35600.
Expectations for Tomorrow: Volatile Day.
Intraday Levels: Buy Above 35600 Sell Below 34350
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