BankNifty Intraday Trade Setup | 23rd November
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BankNifty opened with more than 200 points gap-up but we saw sharp selling at open and while Day BN was forming lower highs, In last hour we saw 500 points recovery from day lows.
Trades we took today -
> Bought BankNifty 38000 CE at 320 which we booked with 40 points loss
> Bought BankNifty 37800 PE at 320 which made a high above 450 and Traders booked Great profit in this Trade
> Bought BankNifty 37700 CE at 230 which we booked with 30 points loss
> Bought BankNifty 37000 PE at 340, added more at 300, and booked around cost
Overall, a Good day for BankNifty Option Buyers.
We saw a good recovery in the last hour, If BankNifty sustains above 37300 we can see 150-200 points upmove.
Expectations for Tomorrow: Range-bound Day.
Intraday Levels:
Buy Above 37300
Sell Below 36970
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trades we took today -
> Bought BankNifty 38000 CE at 320 which we booked with 40 points loss
> Bought BankNifty 37800 PE at 320 which made a high above 450 and Traders booked Great profit in this Trade
> Bought BankNifty 37700 CE at 230 which we booked with 30 points loss
> Bought BankNifty 37000 PE at 340, added more at 300, and booked around cost
Overall, a Good day for BankNifty Option Buyers.
We saw a good recovery in the last hour, If BankNifty sustains above 37300 we can see 150-200 points upmove.
Expectations for Tomorrow: Range-bound Day.
Intraday Levels:
Buy Above 37300
Sell Below 36970
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Nota
Buy Trade Triggered as per Set-up and 1st Target Done.
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Penafian
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