BankNifty opened with a big Gap-up above our Buy Level of 36820 and after choppy movement in the morning due to RBI Policy we again saw a good upside movement.
Trades we took today -
> Bought BankNifty 36900 CE at 360 which made a high around 425 and Traders booked good profit in morning Trade > Bought BankNifty 36900 CE again at 390 which we booked with 70 points loss > Bought BankNifty 37100 PE at 280 which we booked with 50 points loss > Bought BankNifty 37200 CE 16th DEC at 450 which made a high around 575 and Traders booked Great Profit in this Trade
Overall, it was an average day for BankNifty Option Buyers.
Tomorrow if BankNifty sustains above 37420, we can again see a good up-move.
Expectations for Tomorrow: Range-bound Day, Volatality after 1:30 PM.
Intraday Levels: Buy Above 37420 Sell Below 37180
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