BankNifty opened with a gap-up near 35933 and after a choppy movement in the first half BankNifty formed a low around 35500 and BankNifty gave an upmove of more than 450 points from the day's low.
Trades we took today -
> Bought BankNifty 36000 CE at 350, added more at 300 which we booked at 330 due to slow movement > Bought BankNifty 35900 PE at 440 which we booked with 50 points loss > Bought BankNifty 35800 CE at 360, it made a high above our 3rd Target 440 and Traders booked profit > Bought BankNifty 35800 CE at 320 which we booked with minor profit > Bought BankNifty 35900 PE at 450, it made a high above our 1st Target 500 and Traders booked profit
Overall, it was a choppy day and BankNifty Option Buyers booked a small profit.
Tomorrow if BankNifty sustains above 36050, we may see another upmove
Expectations for Tomorrow: Volatile Day.
Intraday Levels: Buy Above 36050 Sell Below 35650
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