BankNifty opened with a gap-down due to weak global cues around 36077 and after making a high near 36180 we saw a fall towards 36760 zones that acted as support for the day and BankNifty was able to close above 36000.
Trades we took on Expiry day, 13th April-
> Bought BankNifty 36000 CE at 300 which we booked at 285 with 15 points loss
> Bought BankNifty 36200 PE at 360, it went above our Last Target of 415 and Traders booked profit
We took only 2 Trades today and BankNifty Option buyers made a small profit.
Tomorrow if BankNifty breaks 36120 on the upside, we can expect a follow-up upmove.
Expectations for Tomorrow: Range-bound Day, Volatality after 1:10 PM.
Intraday Levels:
Buy Above 36120
Sell Below 35900
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trades we took on Expiry day, 13th April-
> Bought BankNifty 36000 CE at 300 which we booked at 285 with 15 points loss
> Bought BankNifty 36200 PE at 360, it went above our Last Target of 415 and Traders booked profit
We took only 2 Trades today and BankNifty Option buyers made a small profit.
Tomorrow if BankNifty breaks 36120 on the upside, we can expect a follow-up upmove.
Expectations for Tomorrow: Range-bound Day, Volatality after 1:10 PM.
Intraday Levels:
Buy Above 36120
Sell Below 35900
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
