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Good Morning Everyone
Pre Opening Market has been settled
Nifty 50 is opening gap down 0.34%
Nifty Bank is opening gap down 0.52%
Nifty IT is opening gap down 0.52%
Nifty Infra is opening gap up 0.08%
Nifty Energy is opening gap up 0.48%
Nifty FMCG is opening gap down 0.11%
Nifty Pharma is opening gap down 0.08%
Nifty Auto is opening gap up 0.10%
Nifty Media is opening gap down 0.55%
Nifty metal is opening gap up 0.14%
Banknifty update:

As of Now Prices are running in a sideways manner.
Nifty is slight bearish and banknifty is currently getting lot of support from upward movement of SBI.

So, here is the Trading Idea for the day

Open Spot Chart and Mark Today's High and Low.

Then open 5 min chart and wait for any 5 min to give Closing above Today's high or, Below Today's Low.
Breakout confirmation on any direction will give probable directional move in banknifty. Otherwise prices might stay sideways only.

So, wait patiently and do not jump into market randomly.

Buy ATM Put if banknifty gives breakdown
or, Buy ATM calls if banknifty gives upside breakout.
Banknifty Update:

After giving Rally on breakdown, Now BankNifty is Sitting on it next Support ZOne and If Prices are able to break this zone with volume, then there is straight open area available for Banknifty and It can then go even Below 38000 price as well


So, Trail your Positions from this point onwards
Banknifty prices made a low of 37977😍😍🎯🎯🎯
Hope you all have made money in Banknifty Rally Today

This was our options writing Trades which gave profit of 27k
PnL of Students in Today's Trading Session