BankNifty Intraday Trade Setup | 7th Feb

2022年2月6日

BankNifty opened with a Gap-up, again faced resistance around 39300 zones and we again saw a good down move from upper levels.

Trades we took today -

> Bought BankNifty 39300 CE at 410 which we booked with 60 points loss
> Bought BankNifty 39100 CE at 380, it went above our Last Target 4865 and Traders booked great profit
> Bought BankNifty 39800 PE at 520, it went above our First Target 590 and Traders booked profit
> Bought BankNifty 38800 PE again at 530 which we booked with minor 40-50 points profit

Overall great day for BankNifty Option Buyers.

Tomorrow, if BankNifty breaks 38690 we may again see a fast down move of 110-250 points.

Expectations for Tomorrow: Volatile day.

Intraday Levels:
Buy Above 38920
Sell Below 38690

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

Happy Trading!
InvestPro India Team

2022年2月7日

交易結束：目標達成

Sell Trade Triggered and All Targets Done.