BankNifty opened with a gap-down near our sell level 35150 and made a low of 34860 in the first 30 mins. After that, we saw a high of 35225, and then it was in that range for the entire day. BankNifty could save the 35000-34900 zone on a closing basis and we may see a bounce towards 35400-35500.
Expectations for Tomorrow: Trending day.
Intraday Levels: Buy Above 35210 Sell Below 34980
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Comment
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BankNifty Trading in 100 points ranges after first 15-20 mins, not suitable for the option buyer.