BankNifty opened with a gap-up near our Buy level of 37420 and we saw a good up-move in the first half though the rally couldn't sustain at upper levels and we lost most of the gains by closing.
Trades we took today -
> Bought BankNifty 37300 CE at 290 which made a high above 500 and Traders booked great profit in this Trade > Bought BankNifty 37300 CE 2ND Dec at 550 which made a high around 750 and Traders booked Great profit in this Trade
We only took 2 Trades in BankNifty as got insane profit in the morning itself.
Now 37200 is an important level to sustain, breaking below the level can lead to further selling.
Expectations for Tomorrow: Volatile Day.
Intraday Levels: Buy Above 37500 Sell Below 37200
To motivate me, Please like the idea If you agree with the analysis.