BankNifty opened flat and we saw sharp selling just after opening and it broke all the levels on the downside.
Trades we took Today:
> Bought BankNifty 40400 CE at 230 which we booked at the cost > Bought BankNifty 40500 PE at 190 which made a high around 500 and Traders booked great profit in this Trade > Bought BankNifty 40200 CE at 160 which made a high around 300 and Traders booked great profit in this Trade
Overall, a great day for BankNifty Option Buyers.
Today's low is important and we can see another down move if BankNifty breaks 39350 tomorrow.
Expectations for Tomorrow: Volatile day.
Intraday Levels: Buy Above 39800 Sell Below 39350
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