BankNifty Intraday Trade Setup | 14th Feb

BankNifty opened with a big Gap-down due to Global cues, in opening it was looking stronger in comparison of Nifty but it also came under selling pressure and made low at 38396. BankNifty showed good recovery from lower levels but again faced rejection near day high.

Trades we took today -

> Bought BankNifty 38700 PE at 460 which we booked with a small profit at 490
> Bought BankNifty 38800 CE at 380 which we booked with a small profit at 425

Overall, BankNifty Option buyers booked small profit. View in Nifty was clear so booked great profit in Nifty.

Tomorrow, SGX showing another big gap-down opening. If BankNifty breaks 38190, we may see a fast-down move towards the 38050 - 38000 zone.

Expectations for Tomorrow: Volatile Day

Intraday Levels:
Buy Above 38535
Sell Below 38190

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

Happy Trading!
InvestPro India Team

Comentário:

Big Gap-down, no trade as per set-up.