BankNifty Intraday Trade Setup | 18th January 2022
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BankNifty opened flat and we saw huge volatility in the morning due to HDFCBank as expected. BankNifty lost all morning gains and closed in the red.
Trades we took today -
> Bought BankNifty 38300 CE at 370 which went above our Last Target 510 but due to fast movement, only a few Traders could take this Trade
> Bought BankNifty 38600 PE at 430 which made a high above our Last Target 550 and Traders booked profit in this Trade
> Bought BankNifty 38400 PE at 410 which we booked with 15 points loss due to slow movement
> Bought BankNifty 38300 CE at 310 which went above our First Target 350 and Traders booked profit in this Trade
> Bought BankNifty 38400 PE again at 380 which went near to our First Target 440 and Traders booked small profit in this Trade
Overall, Traders booked small profits on a choppy day.
Tomorrow, we may see a fast down-move if BankNifty breaks 38150 in the morning.
Expectations for Tomorrow: Range-bound Day.
Intraday Levels:
Buy Above 38400
Sell Below 38150
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trades we took today -
> Bought BankNifty 38300 CE at 370 which went above our Last Target 510 but due to fast movement, only a few Traders could take this Trade
> Bought BankNifty 38600 PE at 430 which made a high above our Last Target 550 and Traders booked profit in this Trade
> Bought BankNifty 38400 PE at 410 which we booked with 15 points loss due to slow movement
> Bought BankNifty 38300 CE at 310 which went above our First Target 350 and Traders booked profit in this Trade
> Bought BankNifty 38400 PE again at 380 which went near to our First Target 440 and Traders booked small profit in this Trade
Overall, Traders booked small profits on a choppy day.
Tomorrow, we may see a fast down-move if BankNifty breaks 38150 in the morning.
Expectations for Tomorrow: Range-bound Day.
Intraday Levels:
Buy Above 38400
Sell Below 38150
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Dagangan ditutup: sasaran tercapai
Breakout, Buy Trade Triggered and All Targets Done.
Penerbitan berkaitan
Penafian
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