BankNifty opened with a gap-up above 37600 and faced rejection in the 37800 zones. BankNifty was trading in 200 points range which it broke in the last 30 mins.
Trades we took today -
> Bought BankNifty 37700 PE at 330 which we booked with 20 points loss
> Bought BankNifty 38000 PE at 410, it went above our Last Target 525 and Traders booked great profit
> Bought BankNifty 37600 PE at 290, added more at 270 and we booked it around cost due to slow movement
> Bought BankNifty 37300 CE at 440, it went above our Last Target 560 and Traders booked great profit
Overall, it was a choppy day for BankNifty Option Buyers.
Tomorrow, if BankNifty sustains below 37300 we may see a fast down move.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above 37480
Sell Below 37300
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trades we took today -
> Bought BankNifty 37700 PE at 330 which we booked with 20 points loss
> Bought BankNifty 38000 PE at 410, it went above our Last Target 525 and Traders booked great profit
> Bought BankNifty 37600 PE at 290, added more at 270 and we booked it around cost due to slow movement
> Bought BankNifty 37300 CE at 440, it went above our Last Target 560 and Traders booked great profit
Overall, it was a choppy day for BankNifty Option Buyers.
Tomorrow, if BankNifty sustains below 37300 we may see a fast down move.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above 37480
Sell Below 37300
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Nota
Big Gap-down due to Russia Ukraine war, no trade as per set-up.
Subscription: investproindia.in/market-learning-group/
Whatsapp @8287021744
Views are for educational purposes only. You are solely responsible for any decisions based on my research.
Whatsapp @8287021744
Views are for educational purposes only. You are solely responsible for any decisions based on my research.
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Subscription: investproindia.in/market-learning-group/
Whatsapp @8287021744
Views are for educational purposes only. You are solely responsible for any decisions based on my research.
Whatsapp @8287021744
Views are for educational purposes only. You are solely responsible for any decisions based on my research.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.