BankNifty opened with a gap-down below Thursday low 37600, we saw further selling at open and BankNifty made low around 37200 in first 15 mins. BankNifty traded in a range-through out the day.
We saw a sharp up move in the last 30 mins and many Traders would have bought it at the end of the day. If BankNifty sustains Friday low 37220, we may see a fast downmove.
Expectations for Tomorrow: Volatile day.
Intraday Levels: Buy Above 37720 Sell Below 37220
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