BankNifty Intraday Trade Setup | 6th December

BankNifty opened flat and we saw a sharp up-move in the morning but it couldn't sustain at higher levels and we again saw selling near the trendline.

Trades we took today -

> Bought BankNifty 36700 CE at 430 which made a high around 530 and Traders booked good Profit in this Trade
> Bought BankNifty 36700 CE again at 390 which we booked at the cost
> Bought BankNifty 36500 PE at 360 which we booked at the cost
> Bought BankNifty 36400 CE at 580 which we booked with 80 points loss

Overall, it was not a good day for BankNifty Option Buyers.

For tomorrow 36000 would act as an important level, if BankNifty sustains below 36000 we may see a sudden down move of 150-300 points.

Expectations for Tomorrow: Volatile Day.

Intraday Levels:
Buy Above 36350
Sell Below 36000

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

Happy Trading!
InvestPro India Team

Trade closed: target reached:

Sell Trade Triggered, 1st Target Done.