BankNifty opened with a minor gap-up and near 34820 we saw a rejection of 400 points, we bought 34700 PE at 250 which went to above 500 in just 10 mins. We bought 34800 at 200-210 which also gave great profit. Traders booked crazy profit in Options and we closed the day in just 30 mins of trading.
For Tomorrow, due to the ICICI Bank result, BankNifty may be highly volatile in the morning.
Expectations for Tomorrow: Volatile day.
Intraday Levels: Buy Above 35120 Sell Below 34900
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
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Rangebound market, Bought CE and bottom and PE at the top, both gave good profit.