BankNifty opened flat and we saw sharp selling just after opening, it took support at 38426 and we saw a good recovery from that zone.
Trades we took Today:
> Bought BankNifty 39700 CE at 250 which we booked with 40 points loss
This was the only BankNifty Trade we took on Friday as Nifty gave us 4 profitable Trades.
BankNifty was trying to break the resistance of the 39300 - 39350 zone in the last hour Friday and we can expect an up-move once BankNifty breaks this zone on upside tomorrow.
Expectations for Tomorrow: Volatile day.
Intraday Levels: Buy Above 39300 Sell Below 38950
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Happy Trading! InvestPro India Team
Comment
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Buy Trade Triggered as per Set-up and All Targets done.