BankNifty Intraday Trade Setup | 15th December

BankNifty opened with Gap-down below 36800 which was our Selling level and we saw a fast down-move in the morning towards 36593.

Trades we took today -

> Bought BankNifty 37100 PE at open around 490 which made a high above 600 and Traders booked good profit in this Trade
> Bought BankNifty 36600 CE at 370 which we booked with 50 points loss
> Bought BankNifty 37000 PE at 470 which made a high above 550 and Traders booked good profit in this Trade
> Bought BankNifty 36500 CE at 330 which made a high above 500 and Traders booked great profit in this Trade
> Bought BankNifty 36500 CE at 330 which made a high above 500 and Traders booked great profit in this Trade
> Bought BankNifty 37000 PE at 310 which we booked with 10 points loss
> Bought BankNifty 36800 CE at 340 which made a high above 420 and Traders booked good profit in this Trade

Overall, a Great Day for BankNifty Option Buyers.

Tomorrow if BankNifty sustains above 37050, we can see a short-covering upmove.

Expectations for Tomorrow: Volatile day.

Intraday Levels:
Buy Above 37050
Sell Below 36750

To motivate me, Please like the idea If you agree with the analysis.

Happy Trading!
InvestPro India Team

Komen:

Range-bound day, No Trade as per Sep-up.