BankNifty opened with a big Gap-up around 37950, gave follow-up upmove in the morning and we saw some selling but again taken support near morning low and closed above 38300.
Trades we took today -
> Bought BankNifty 38000 CE at 490 which we booked with 60 points loss > Bought BankNifty 38400 CE at 290 which we booked with 30 points loss > Bought BankNifty 38300 PE at 420 which went above our 3rd Target 540 and Traders booked great profit in this Trade > Bought BankNifty 37800 CE at 470 which made a high above our Last Target 570 and Traders booked great profit in this Trade > Bought BankNifty 38100 CE at 380 which made a high above our Last Target 490 and Traders booked great profit in this Trade
Overall, a Great day for BankNifty Option Buyers.
Tomorrow, we may see an upmove above 38400 but trade small qty as BankNifty already moved around 3000 points in last 7 sessions.
Expectations for Tomorrow: Volatile Day.
Intraday Levels: Buy Above 38400 Sell Below 38090
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