BankNifty Expiry Trade Setup | 7th April

2022年4月6日

BankNifty opened with a gap-down around 37740 and after testing 37820 zones we saw selling towards 37513 and BankNifty was trading in the 300 - 350 points range for the whole day.

Trades we took today -

> Bought BankNifty 37600 CE at 300, it made a high above our Last Target of 395 and Traders booked profit
> Bought BankNifty 38000 PE at 440, we added more at 400 and booked all with profit around 500
> Bought BankNifty 38000 PE again at 440, it made a high above our 2nd Target of 520 and Traders booked profit
> Bought BankNifty 37600 CE at 320, it made a high above our 3rd Target of 410 and Traders booked profit
> Bought BankNifty 37600 CE again at 320, it made a high above our 3rd Target of 410 and Traders booked profit
> Bought BankNifty 37500 CE at 320 which we booked with 5 points loss
> Bought BankNifty 37900 PE again at 330, it made a high above our 1st Target of 390 and Traders booked profit
> Bought BankNifty 37500 CE at 290, it made a high above our 3rd Target of 360 and Traders booked profit

Overall it was a wonderful day for BankNifty Option Buyers.

Tomorrow if BankNifty breaks 37500 on the downside, we may see a fast down move.

Expectations for Tomorrow: Range-bound day, Volatality after 1:10 PM.

Intraday Levels:
Buy Above 37870
Sell Below 37500

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

Happy Trading!
InvestPro India Team

2022年4月7日

交易結束：目標達成

Buy Trade Triggered, 1st Target Done.