BankNifty opened with a big Gap-down below the yellow support trend line due to Global cues, and we saw further falling towards the 37220 zone which acted as support but BankNifty broke this around 2:00 and closed near day low.
Trades we took today -
> Bought BankNifty 37400 CE at 460, it went above our 2nd Target 540 and Traders booked profit in this Trade
> Bought BankNifty 37300 PE at 420 which we booked around cost due to slow movement
> Bought BankNifty 37600 CE at 320 which we booked with a small profit at 350
We took lesser trades as it was a volatile day and BankNifty Option Buyers booked small profit.
Tomorrow, if BankNifty breaks today's low 36800 we may see a fast down move again.
Expectations for Tomorrow: Volatile Day
Intraday Levels:
Buy Above 37050
Sell Below 36800
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trades we took today -
> Bought BankNifty 37400 CE at 460, it went above our 2nd Target 540 and Traders booked profit in this Trade
> Bought BankNifty 37300 PE at 420 which we booked around cost due to slow movement
> Bought BankNifty 37600 CE at 320 which we booked with a small profit at 350
We took lesser trades as it was a volatile day and BankNifty Option Buyers booked small profit.
Tomorrow, if BankNifty breaks today's low 36800 we may see a fast down move again.
Expectations for Tomorrow: Volatile Day
Intraday Levels:
Buy Above 37050
Sell Below 36800
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
トレード終了: 利益確定目標に到達:
Buy Trade Triggered and All Targets Done.
