BankNifty Expiry Trade Setup | 24th March

2022年3月23日

BankNifty opened with a gap-up around the flat at 36630 and made high around 36830 but we saw selling from higher Levels and BankNifty made a low at 36064.

Trades we took today -

> Bought BankNifty 36600 CE at 400 which we booked at 440 with a small profit
> Bought BankNifty 36600 PE at 370 which we booked at 340 with 30 points loss
> Bought BankNifty 36500 PE at 340, it went above to our 1st Target 390 and Traders booked profit
> Bought BankNifty 36200 CE at 390, it went above to our 2nd Target 445 and Traders booked profit
> Bought BankNifty 36300 PE at 370, it went above to our 2nd Target 440 and Traders booked profit
> Bought BankNifty 36300 PE at 360 which we booked at 340 with 20 points loss
> Bought BankNifty 36200 CE at 340, it went above to our 2nd Target 395 and Traders booked profit

Overall, a choppy day and BankNifty Option Buyers booked a small profit.

Tomorrow if BankNifty sustains below 35900, we may see a fast down move.

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

Intraday Levels:
Buy Above 36350
Sell Below 35900

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

Happy Trading!
InvestPro India Team

2022年3月24日

交易結束：目標達成

Sell Trade Triggered and All Targets Done.