BankNifty Intraday Trade Setup | 6th December

2021年12月5日

BankNifty opened flat and we saw a sharp up-move in the morning but it couldn't sustain at higher levels and we again saw selling near the trendline.

Trades we took today -

> Bought BankNifty 36700 CE at 430 which made a high around 530 and Traders booked good Profit in this Trade
> Bought BankNifty 36700 CE again at 390 which we booked at the cost
> Bought BankNifty 36500 PE at 360 which we booked at the cost
> Bought BankNifty 36400 CE at 580 which we booked with 80 points loss

Overall, it was not a good day for BankNifty Option Buyers.

For tomorrow 36000 would act as an important level, if BankNifty sustains below 36000 we may see a sudden down move of 150-300 points.

Expectations for Tomorrow: Volatile Day.

Intraday Levels:
Buy Above 36350
Sell Below 36000

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

Happy Trading!
InvestPro India Team

2021年12月6日

交易結束：目標達成

Sell Trade Triggered, 1st Target Done.