BankNifty opened with a gap-down below our Sell Level 36970, gave a fast down move towards 36450 zones and showed a great recovery from lower levels.
Trades we took today -
> Bought BankNifty 37100 PE at 290 which we booked with 50 points profit > Bought BankNifty 37200 CE at 280 which made a high around 370 and Traders booked Good profit in this Trade > Bought BankNifty 37100 CE at 310 which made a high around 500 and Traders booked Great profit in this Trade
Overall, a Great day for BankNifty Option Buyers.
Now 37000 is an important zone for BankNifty. If it breaks tomorrow we can see a fast a down-move.
Expectations for Tomorrow: Volatile Day.
Intraday Levels: Buy Above 37420 Sell Below 37000
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