BankNifty opened flat and we saw selling at open, BankNifty took support in 36800 zones and we saw recovery in second half.
Trades we took today -
> Bought BankNifty 37100 PE at 470 which we booked with 70 points loss > Bought BankNifty 37100 CE at 380 which we booked with 40 points loss > Bought BankNifty 37100 PE at 440 which we booked with 50 points profit > Bought BankNifty 37000 CE at 320 which made a high around 460 and Traders booked Great Profit in this Trade
Overall, a choppy day for BankNifty Option Buyers.
BankNifty is underperforming Nifty, if Nifty sustains above 17600 we may see sharp up-move in BN too.
Expectations for Tomorrow: Trending day.
Intraday Levels: Buy Above 37200 Sell Below 36800
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