BankNifty opened with a minor gap-down and took support in the morning near our Sell Level which was 41000. We saw a pretty range-bound day and BankNifty broke Range on the downside after 2:00 PM.
Trades we took Today:
> Bought BankNifty 41300 CE at 200 in the morning which we booked at cost as there was a very slow movement > Bought BankNifty 41400 PE at 290 which made a high around 600 and Traders booked great profit in this Trade.
There was not much movement in BankNfty today so we only took these 2 Trades.
Today's low is important and we can see a fast down move of 120-200 points if BankNifty breaks 40750 tomorrow.
Expectations for Tomorrow: Range-bound day, Volatality after 1:30 PM.
Intraday Levels: Buy Above 41025 Sell Below 40750
To motivate me, Please like the idea If you agree with the analysis.