BankNifty opened with a gap-up around the flat at 36630 and made high around 36830 but we saw selling from higher Levels and BankNifty made a low at 36064.
Trades we took today -
> Bought BankNifty 36600 CE at 400 which we booked at 440 with a small profit > Bought BankNifty 36600 PE at 370 which we booked at 340 with 30 points loss > Bought BankNifty 36500 PE at 340, it went above to our 1st Target 390 and Traders booked profit > Bought BankNifty 36200 CE at 390, it went above to our 2nd Target 445 and Traders booked profit > Bought BankNifty 36300 PE at 370, it went above to our 2nd Target 440 and Traders booked profit > Bought BankNifty 36300 PE at 360 which we booked at 340 with 20 points loss > Bought BankNifty 36200 CE at 340, it went above to our 2nd Target 395 and Traders booked profit
Overall, a choppy day and BankNifty Option Buyers booked a small profit.
Tomorrow if BankNifty sustains below 35900, we may see a fast down move.
Expectations for Tomorrow: Range-bound Day, Volatality after 1:10 PM.
Intraday Levels: Buy Above 36350 Sell Below 35900
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