BankNifty Expiry Trade Setup | 17th Feb
Today was a roller coaster ride, BankNifty opened with a Gap-up above 38400 and we saw selling in the morning towards 37760 zones. BankNifty showed great recovery from lower level for approx. 700 points but we again saw the rejection and saw 600 points fall.
Trades we took today -
> Bought BankNifty 38100 CE at 390 which we booked with 40 points loss
> Bought BankNifty 38500 PE at 380, it went above our Last Target 490 and Traders booked profit
> Bought BankNifty 38000 CE at 310 and we added more at 270. It made a high above 500 and Traders booked profit
> Bought BankNifty 38300 PE at 480, it went above our 1st Target 540 and Traders booked profit
> Bought BankNifty 38000 CE at 300, it went above our Last Target 395 and Traders booked great profit
> Bought BankNifty 38100 CE at 400, it went above our 1st Target 460 and Traders booked profit
Overall, wonderful day for BankNifty Option Buyers.
Tomorrow, if BankNifty sustains below 37750 we may see a fast down move.
Expectations for Tomorrow: Range-bound Day, Volatality after 1:15 PM.
Intraday Levels:
Buy Above 38150
Sell Below 37750
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trades we took today -
> Bought BankNifty 38100 CE at 390 which we booked with 40 points loss
> Bought BankNifty 38500 PE at 380, it went above our Last Target 490 and Traders booked profit
> Bought BankNifty 38000 CE at 310 and we added more at 270. It made a high above 500 and Traders booked profit
> Bought BankNifty 38300 PE at 480, it went above our 1st Target 540 and Traders booked profit
> Bought BankNifty 38000 CE at 300, it went above our Last Target 395 and Traders booked great profit
> Bought BankNifty 38100 CE at 400, it went above our 1st Target 460 and Traders booked profit
Overall, wonderful day for BankNifty Option Buyers.
Tomorrow, if BankNifty sustains below 37750 we may see a fast down move.
Expectations for Tomorrow: Range-bound Day, Volatality after 1:15 PM.
Intraday Levels:
Buy Above 38150
Sell Below 37750
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
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