BankNifty Intraday Trade Setup | 11th May

2022年5月10日

BankNifty opened flat around 34240 and after making a low near 34175 we saw an upmove BankNifty made a high near 34800 which acted as a rejection zone and profit booking was seen.

Trades we took yesterday-

> Bought BankNifty 34400 PE at 330, it went above our 1st Target of 360 and Traders booked profit
> Bought BankNifty 35000 CE May Expiry at 455, it went above our 1st Target of 550 and Traders booked profit
> Bought BankNifty 34700 PE at 260, it went above our Last Target of 325 and Traders booked profit
> Bought BankNifty 34500 CE at 315 which we booked with a loss at 285

Overall, it BankNifty option buyers booked profit on a volatile day.

Tomorrow if BankNifty breaks 35550 on the upside, we can expect an up-move.

Expectations for Tomorrow: Volatile day.

Intraday Levels:
Buy Above 34550
Sell Below 34300

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

Happy Trading!
InvestPro India Team

2022年5月11日

交易結束：目標達成

Both Sell and Buy Traders Triggered and Targets done.