BankNifty opened with a minor gap-up and tested the support zone of 36550 at open. We bought 36300 CE in the morning at 300 which made a high of 679 and Traders booked great profit. We bought 36400 CE at 300 which made a high of 584 and Traders made again a great profit. We also bought 37000 PE around 260 which we booked with a loss of 40 points.
BankNifty has given the breakout of range, If it sustains above 36950 we can see a fast move of 100-150 points.
Expectations for Tomorrow: Rangebound day, Volatility after 1:30 PM.
Intraday Levels: Buy Above 36950 Sell Below 36750
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