BankNifty Intraday Trade Setup | 7th December

2021年12月6日

BankNifty opened flat, we saw selling in morning BankNifty took support near 35900 zones and gave up-move towards 36350 which was also our Buying level but it couldn't sustain at upper levels and broke morning lower range in the second session.

Trades we took today -

> Bought BankNifty 36100 PE at 380 which made a high around 480 and Traders booked good Profit in this Trade
> Bought BankNifty 35900 CE at 530 which made a high around 630 and Traders booked good Profit in this Trade
> Bought BankNifty 36200 CE at 380 which we booked with 60 points loss
> Bought BankNifty 16th Dec 36000 PE at 480 which we booked with 40 points loss
> Bought BankNifty 36000 PE @ 400 which made a high around 500 and Traders booked good Profit in this Trade

Overall, a good day for BankNifty Option Buyers.

If BankNifty sustains below today's low we can see further selling in BankNifty.

Expectations for Tomorrow: Range-bound Day.

Intraday Levels:
Buy Above 35900
Sell Below 35680

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

Happy Trading!
InvestPro India Team

2021年12月7日

註釋

No Trade as per set-up.