BankNifty opened with a big gap-up around 41000 and after some consolidation, we saw another good upmove as expected.
Trades we took Today:
> Bought BankNifty 40700 PE at 340 which we booked at cost as there was not much movement in the morning
> Bought BankNifty 40900 CE at 250 which made a high above 1100 and Traders booked great profit in this trade
> Bought BankNifty 41800 CE at 290 which we booked with 50 points of loss
> Bought BankNifty 41300 CE at 290 which made a high around 400and Traders booked good profit in this trade
Overall, we booked great profit today.
Tomorrow, we can see a good upmove if BankNifty starts trading above 41400 in the morning.
Expectations for Tomorrow: Range-bound day.
Intraday Levels:
Buy Above 41400
Sell Below 41000
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trades we took Today:
> Bought BankNifty 40700 PE at 340 which we booked at cost as there was not much movement in the morning
> Bought BankNifty 40900 CE at 250 which made a high above 1100 and Traders booked great profit in this trade
> Bought BankNifty 41800 CE at 290 which we booked with 50 points of loss
> Bought BankNifty 41300 CE at 290 which made a high around 400and Traders booked good profit in this trade
Overall, we booked great profit today.
Tomorrow, we can see a good upmove if BankNifty starts trading above 41400 in the morning.
Expectations for Tomorrow: Range-bound day.
Intraday Levels:
Buy Above 41400
Sell Below 41000
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Comment:
Sell Trade triggered as per set-up and 1st Target done.
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Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.
Whatsapp @8287021744
Telegram Channel - t.me/tradepropublic
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.