As SGX Nifty was indicating BankNifty opened with a big Gap-down near 37650, below our Sell level, and came down towards yesterday's low. We bought BankNifty 37500 CE at 240 and BankNifty 37300 CE at 330 in the morning and Traders booked more than 30% profit in both the Trades. We bought BankNifty 37700 CE at 210 and BankNifty 37800 CE at 240 and Traders booked more than 30% profit in these two Trades as well. We also bought BankNifty 37600 PE at 270 which we booked with 30 points loss. Overall, wonderful day and Option Buyers made an Insane profit.
Tomorrow is the weekly expiry day and we can expect another up-move if BankNifty breaks 37920 in the morning.
Expectations for Tomorrow: Volatile day.
Intraday Levels: Buy Above 37920 Sell Below 37680
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