BankNifty Expiry Trade Setup | 31st March

BankNifty opened with a gap-up near 36200 and after making a low around 36070 we saw an upmove which took BankNifty above 36400 but due to slow momentum, there were not many opportunities for Option Buyers.

Trades we took today -

> Bought BankNifty 36100 CE at 300, it made a high above our 1st Target 340 and Traders booked profit
> Bought BankNifty 36300 PE at 300 which we booked with 50 points loss
> Bought BankNifty 36100 CE at 340, it made a high above our 1st Target 390 and Traders booked profit

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

Tomorrow if BankNifty sustains above 36450, we may see another upmove.

Expectations for Tomorrow: Range-bound movement, Volatality after 1:25 pm.

Intraday Levels:
Buy Above 36450
Sell Below 35950

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

Happy Trading!
InvestPro India Team

Komentarz:

Choppy Day, Buy Trade Triggered and price went close to 1st Target.