BankNifty Intraday Trade Setup | 12th April

BankNifty opened with a gap-down around 37640 and after making a low at 37524 BankNifty was trading in a range 37940 - 37524 for the whole day.

Trades we took today -

> Bought BankNifty 37600 PE at 330, it made a high above our 1st Target of 370 and Traders booked profit
> Bought BankNifty 37700 CE at 320, it made a high above our Last Target of 400 and Traders booked profit
> Bought BankNifty 37800 PE at 320, it made a high above our 1st Target of 360 and Traders booked profit
> Bought BankNifty 37800 CE at 350, it made a high above our 1st Target of 390 and Traders booked profit
> Bought BankNifty 37800 PE at 270, it made a high above our Last Target of 335 and Traders booked profit

Overall BankNifty Option Buyers booked profit in all Trades today.

Tomorrow if BankNifty breaks 37500 on the downside, a fast down move is expected.

Expectations for Tomorrow: Range-bound Day

Intraday Levels:
Buy Above 38000
Sell Below 37500

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Happy Trading!
InvestPro India Team