BankNifty opened flat today, it went down towards 35050 zones which provided support and we saw a great bounce towards the 35350 zones.
Trades we took today -
> Bought BankNifty 35000 CE at 280 which made a high above 400 and Traders booked great profit in this Trade > Bought BankNifty 35500 PE at 370 which we booked with 40 points loss > Bought BankNifty 35400 PE at 440 which made a high above 600 and Traders booked great profit in this Trade > Bought BankNifty 35000 CE 6th Jan at 610 which we booked at cost due to slow movement > Bought BankNifty 35600 PE at 430 which made a high above 500 and Traders booked good profit in this Trade
Overall, a Great day for BankNifty Option Buyers.
Tomorrow if BankNifty breaks 34900 on the downside, we can see a fast down move.
Expectations for Tomorrow: Range-bound Day, Volatility after 1:30 PM.
Intraday Levels: Buy Above 35250 Sell Below 34900
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