BankNifty Intraday Trade Setup | 8th April

2022年4月7日

BankNifty opened with a gap-down around 37500 and after forming a low near 37350 we saw a good bounce, BankNifty went above 37950 but again saw the rejection at the upper level.

Trades we took today -

> Bought BankNifty 37600 PE at 240, it made a high above our 2nd Target of 290 and Traders booked profit
> Bought BankNifty 37600 PE again at 210 which we booked with 10 points loss
> Bought BankNifty 37300 CE at 230, it made a high above our 3rd Target of 300 and Traders booked profit
> Bought BankNifty 37700 PE at 230, it made a high above our 2nd Target of 280 and Traders booked profit
> Bought BankNifty 37400 CE at 190 which we booked with 15 points loss
> Bought BankNifty 37700 PE again at 240, it made a high above our 1st Target of 280 and Traders booked profit
> Bought BankNifty 37400 CE again at 290, it made a high above our Last Target of 375 and Traders booked profit
> Bought BankNifty 38000 PE at 160, it made a high above our 1st Target of 200 and Traders booked profit
> Bought BankNifty 38000 PE again at 150, it made a high above our 2nd Target of 195 and Traders booked profit
> Bought BankNifty 37700 PE again at 65, it made a high above our Last Target of 135 and Traders booked profit

Overall it was a fantastic day for BankNifty Option Buyers.

Tomorrow if BankNifty breaks 37460 on the downside, we may see a down move.

Expectations for Tomorrow: Trending Day

Intraday Levels:
Buy Above 37720
Sell Below 37460

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

Happy Trading!
InvestPro India Team

2022年4月10日

交易結束：達到停損點

Sell Trade Triggered and SL Hit.