BankNifty Intraday Trade Setup | 5th October

BankNifty opened with gap-up and took support around our Buy level 37350 and made a high of 37670. As per our analysis, it was a trending day with a bullish bias.

Trades we took Today:

> Bought BankNifty 37500 CE at 340 which made a high around 419 and Traders booked great profit in this trade.
> Bought BankNifty 37600 CE at 285 which went to above 339 and Traders booked great profit in this trade.
> Bought BankNifty 37700 PE at 360 and we exit at a cost in that trade.

Overall we booked good profit in such range-bound market.

For tomorrow, we may see a good upmove if BankNifty sustains above 37680 in the morning.

Expectations for Tomorrow: Volatile day.

Intraday Levels:
Buy Above 37680
Sell Below 37470

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

Happy Trading!
InvestPro India Team