BankNifty opened with a Gap-up near our Buy level 38220 and gave a good upmove towards the 38530 zones, after moving in minor a range BankNifty gave the breakout and closed near day high.
Trades we took today -
> Bought BankNifty 38600 PE at 440 and added more near 400, it went to our 1st Target 490 and Traders booked profit
> Bought BankNifty 38800 PE at 480 which we booked with 50 points loss
> Bought BankNifty 38500 PE Feb Month Expiry at 660, it went above our 2nd Target 750 and Traders booked profit
> Bought BankNifty 38000 CE at 480, it went above our 2nd Target 560 and Traders booked profit
Overall, a choppy day but we booked good profit in the BankNifty Option.
Tomorrow, if BankNifty sustains above 38660 we may see a follow-up upmove.
Expectations for Tomorrow: Range-bound day, Volatality after 12:00 PM. RBI Policy would be announced tomorrow around 11:30 AM and the market can be highly volatile during that time.
Intraday Levels:
Buy Above 38660
Sell Below 38470
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trades we took today -
> Bought BankNifty 38600 PE at 440 and added more near 400, it went to our 1st Target 490 and Traders booked profit
> Bought BankNifty 38800 PE at 480 which we booked with 50 points loss
> Bought BankNifty 38500 PE Feb Month Expiry at 660, it went above our 2nd Target 750 and Traders booked profit
> Bought BankNifty 38000 CE at 480, it went above our 2nd Target 560 and Traders booked profit
Overall, a choppy day but we booked good profit in the BankNifty Option.
Tomorrow, if BankNifty sustains above 38660 we may see a follow-up upmove.
Expectations for Tomorrow: Range-bound day, Volatality after 12:00 PM. RBI Policy would be announced tomorrow around 11:30 AM and the market can be highly volatile during that time.
Intraday Levels:
Buy Above 38660
Sell Below 38470
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Dagangan ditutup: sasaran tercapai
Buy Trade Triggered, All Targets Done.
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.