BankNifty opened flat, started moving upside since opening and we again saw a great 1000 points move.
Trades we took today -
> Bought BankNifty 37300 PE at 340 which we went above 400 and Traders booked profit in this Trade > Bought BankNifty 36900 CE at 490 which made a high above our last Target 625 and Traders booked great profit in this Trade > Bought BankNifty 37000 CE at 440 and added more at 390 which we booked with minor profit > Bought BankNifty 37700 PE at 430 which we booked with 70 points loss > Bought BankNifty 37100 CE at 420 which made a high above our last Target 550 and Traders booked great profit in this Trade > Bought BankNifty 37300 CE at 490 which made a high around our 2nd Target 600 and Traders booked great profit in this Trade > Bought BankNifty 38000 PE at 300 which made a high above our last Target 425 and Traders booked great profit in this Trade
If BankNifty sustains above 37820 we can again expect 150-250 points upmove but 38000 would act as psychological resistance so be cautious in that zone.
Expectations for Tomorrow: Range-bound Day, Volatality after 1:15 PM.
Intraday Levels: Buy Above 37820 Sell Below 37500
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