BankNifty Intraday Trade Setup | 10th November

BankNifty opened flat and remained in a Range the whole day as per the analysis. Both CE and PE went down due to choppy movement as there was no follow-up trend even on 5 mins Time-Frame.

Trades we took today -

> Bought BankNifty 39500 CE at 300 which we booked with 30 points loss
> Bought BankNifty 39500 CE again at 270 which we also booked with 40 points profit
> Bought BankNifty 39400 PE at 300 which we booked with 45 points loss
> Bought BankNifty 39400 PE again at 300 which we booked with 20-30 points profit

Overall, it was not a good day for BankNifty Option Buyers.

Today's range is important for today, we may see a trending move once BankNifty breaks this range on either side.

Expectations for Tomorrow: Volatile Day.

Intraday Levels:
Buy Above 39570
Sell Below 39200

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

Happy Trading!
InvestPro India Team

Komen:

Sell Trade Triggered around 2:00 PM and 1st and 2nd Target Done.