As analyzed we saw the range-bound for the entire day expect some last hour volatility. BankNifty opened near the previous high 36850 which was also the resistance zone. We bought 37000 PE in the morning at 230 which went to above 400 and Traders booked great profit. We also bought 36500 CE at 140 which easily gave 40-50 points of profit.
As an expiry zero hero, we bought 36600 CE at 20 which made a high around 90 in just 10-15 mins and Traders easily made 2x-4x money in this trade.
For tomorrow, if BankNifty sustains below 36550 levels we may see a fast move of 100-150 points on the downside. In case it breaks the falling resistance line then an up-move can be seen above 36710 but Traders should book profit early on the upside as there are many resistance zones.
Expectations for Tomorrow: Volatile Market.
Intraday Levels: Buy Above 36710 Sell Below 36550
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