BankNifty Intraday Trade Setup | 8th November
Atualizado
We saw a highly volatile expiry session and a small trading range on Muhurat Trading day.
Trades we took on Wednesday, 3rd Nov.:
> Bought BankNifty 40300 PE at 240 which we booked with 5 points loss
> Bought BankNifty 40000 CE at 240 which we also booked at a cost due to slow movement
> Bought BankNifty 39700 CE at 170 which we booked with 30-40 points profit
> Bought BankNifty 39900 PE at 130 which made a high around 370 and Traders booked great Profit in this Trade
> Bought BankNifty 39300 PE at 30 which made a high around 67 and Traders booked 100% profit in Zero Hero Trade
Overall, a great expiry for BankNifty Option Buyers.
As Indian Market is opening after 3 days, we may see high volatility in the morning.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above 38720
Sell Below 39500
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trades we took on Wednesday, 3rd Nov.:
> Bought BankNifty 40300 PE at 240 which we booked with 5 points loss
> Bought BankNifty 40000 CE at 240 which we also booked at a cost due to slow movement
> Bought BankNifty 39700 CE at 170 which we booked with 30-40 points profit
> Bought BankNifty 39900 PE at 130 which made a high around 370 and Traders booked great Profit in this Trade
> Bought BankNifty 39300 PE at 30 which made a high around 67 and Traders booked 100% profit in Zero Hero Trade
Overall, a great expiry for BankNifty Option Buyers.
As Indian Market is opening after 3 days, we may see high volatility in the morning.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above 38720
Sell Below 39500
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Nota
Buy Above 39720
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