BankNifty Intraday Trade Setup | 8th November

2021年11月7日

We saw a highly volatile expiry session and a small trading range on Muhurat Trading day.

Trades we took on Wednesday, 3rd Nov.:

> Bought BankNifty 40300 PE at 240 which we booked with 5 points loss
> Bought BankNifty 40000 CE at 240 which we also booked at a cost due to slow movement
> Bought BankNifty 39700 CE at 170 which we booked with 30-40 points profit
> Bought BankNifty 39900 PE at 130 which made a high around 370 and Traders booked great Profit in this Trade
> Bought BankNifty 39300 PE at 30 which made a high around 67 and Traders booked 100% profit in Zero Hero Trade

Overall, a great expiry for BankNifty Option Buyers.

As Indian Market is opening after 3 days, we may see high volatility in the morning.

Expectations for Tomorrow: Volatile Day.

Intraday Levels:
Buy Above 38720
Sell Below 39500

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

Happy Trading!
InvestPro India Team

2021年11月7日

註釋

Buy Above 39720