BankNifty Intraday Trade Setup | 14th March

BankNifty opened with a small gap-down and formed the day low in the first 5 mins at 34094. We saw a good upmove in the first 60 mins towards 34880 and then it was trading in the range for the whole day.

Trades we took today -

> Bought BankNifty 34900 CE at 390, it went above to our Last Target 500 and Traders booked great profit
> Bought BankNifty 35200 PE at 420, it went above to our Last Target 530 and Traders booked great profit
> Bought BankNifty 33800 PE at 440 which we booked with 40 points loss
> Bought BankNifty 35200 CE at 400, it went above to our First Target 460 and Traders booked profit
> Bought BankNifty 33800 CE at 380, it went above to our Last Target 480 and Traders booked great profit

Overall a great day and BankNifty Option Buyers made a wonderful profit.

Tomorrow if BankNifty sustain below 34350, we may see a fast down move.

Expectations for Tomorrow: Volatile Day.

Intraday Levels:
Buy Above 34600
Sell Below 34200

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

Happy Trading!
InvestPro India Team