BankNifty Intraday Trade Setup | 12th November

BankNifty opened with Gap-down and we saw BankNifty keep making lower lows but we got some good bounce as well during the day.

Trades we took today -

> Bought BankNifty 38700 CE at 190 which made a high around 250 and Traders booked good profit in this Trade
> Bought BankNifty 38600 CE at 240 which we booked with 40 points loss
> Bought BankNifty 38500 CE at 190, added more at 150 levels, and booked all at 220-230. Traders booked good profit in this Trade
> Bought BankNifty 38800 CE twice at 60 and 50 which made a high above 80 and Traders booked great profit in this Trade
> Bought BankNifty 38400 PE at 60 which made a high around 125 and Traders booked good profit in this Trade

Overall, it was a great Weekly Expiry for BankNifty Option Buyers.

If BankNifty sustains above the falling yellow trend line, we may see short-covering which can take BankNifty towards 39000 zones.

Expectations for Tomorrow: Range-bound Day.

Intraday Levels:
Buy Above 38700
Sell Below 38450

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 and 1st Target Done.