What a huge water Fall. We booked Good profit in Index PUTS, as Data Was negative from morning. Now BankNifty is Support level which very crucial i.e. near to 37000 level. We have seen bounce bank in last hour. But the sentiment is still bearish. We do not hold any position. Further important level to watch is 37557 as CALL writer made new Position at 37500 level if this break we can see good momentum upto 38000 level else we can se again profit booking or consolidation near to this level. We will go for Call above 37557 level only. on the down side 37000 level is important. In between we do not trade :)