BankNifty Intraday Trade Setup | 5th January 2022

2022年1月4日

BankNifty opened flat and after a choppy move in the morning, BankNifty gave a good up-move and faced resistance around our last level 36880 and remained in the range.

Trades we took today -

> Bought BankNifty 35400 CE at 390 which we booked with 50 points loss
> Bought BankNifty 36800 PE at 430 which we booked with 40 points loss
> Bought BankNifty 36500 CE at 360 which we booked with 40 points loss

Overall, it was a bad day for BankNifty Option Buyers.

Tomorrow, if BankNifty sustains above 36900 in the morning we may see another 150-300 points upmove but remain cautious as 37000 is psychological resistance.

Expectations for Tomorrow: Volatile Day.

Intraday Levels:
Buy Above 36900
Sell Below 36700

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

Happy Trading!
InvestPro India Team

2022年1月5日

交易結束：目標達成

Buy Trade Triggered and All Targets Done.