BankNifty Intraday Trade Setup | 21st Feb

BankNifty opened with a minor Gap-up but we saw selling in the morning and made low near 37300 zones. BankNifty showed a good recovery from lower levels for 500 points and we again saw the rejection in the last hours.

Trades we took today -

> Bought BankNifty 37200 PE at 510 which we booked with 60 points loss
> Bought BankNifty 37100 PE at 450 which we booked with 50 points loss
> Bought BankNifty 37800 CE at 450, it went to our 3rd Target 540 and Traders booked good profit

Overall, it was a choppy day for BankNifty Option Buyers.

Tomorrow, if BankNifty sustains below 37300 we may see a fast down move.

Expectations for Tomorrow: Volatile Day.

Intraday Levels:
Buy Above 37680
Sell Below 37300

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

Happy Trading!
InvestPro India Team

Trade fechado: objetivo atingido:

1st Target done on Sell-side and then All Targets done on Buying side.