BankNifty Expiry Trade Setup | 23rd December

BankNifty opened with a Gap-up above our Buying Level 34700 and we again saw rejection around yesterday high 35050 in the morning and got 200 points quick move.

Trades we took today -

> Bought BankNifty 35100 PE at 300 which made a high above 450 and Traders booked great profit in this Trade
> Bought BankNifty 34600 CE at 400 which made a high around 480 and Traders booked great profit in this Trade
> Bought BankNifty 35100 CE again at 290 which made a high above 400 and Traders booked great profit in this Trade
> Bought BankNifty 34600 CE again at 390 which we booked with 60 points loss
> Bought BankNifty 35000 PE at 360 which we booked with 60 points loss

Overall, a Great Day for BankNifty Option Buyers.

We can see a follow-up upmove if BankNifty sustains above 35120 tomorrow.

Expectations for Tomorrow: Range-bound Day. Volatality after 1:30.

Intraday Levels:
Buy Above 35120
Sell Below 34850

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

Happy Trading!
InvestPro India Team

Trade closed: target reached:

Buy Trade Triggered and All Targets Done.