BankNifty opened with a gap-up above our Buy level of 36900 and we saw an up-move towards our First Target 37050 and we saw a rejection around 37140. We bought 36900 PE in the morning and 37100 CE in the afternoon but both trades booked with loss.
BankNifty was trading in the range for almost 5 hours so we are expecting a good directional move once BankNifty would be breaking the range on either side.
Expectations for Tomorrow: Volatile day.
Intraday Levels: Buy Above 36870 Sell Below 36600
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