BankNifty opened with gap-up and took support around our Buy level 37350 and made a high of 37670. As per our analysis, it was a trending day with a bullish bias.
Trades we took Today:
> Bought BankNifty 37500 CE at 340 which made a high around 419 and Traders booked great profit in this trade. > Bought BankNifty 37600 CE at 285 which went to above 339 and Traders booked great profit in this trade. > Bought BankNifty 37700 PE at 360 and we exit at a cost in that trade.
Overall we booked good profit in such range-bound market.
For tomorrow, we may see a good upmove if BankNifty sustains above 37680 in the morning.
Expectations for Tomorrow: Volatile day.
Intraday Levels: Buy Above 37680 Sell Below 37470
To motivate me, Please like the idea If you agree with the analysis.