BankNifty Intraday Trade Setup | 13th December

BankNifty opened flat and we saw selling at open, BankNifty took support in 36800 zones and we saw recovery in second half.

Trades we took today -

> Bought BankNifty 37100 PE at 470 which we booked with 70 points loss
> Bought BankNifty 37100 CE at 380 which we booked with 40 points loss
> Bought BankNifty 37100 PE at 440 which we booked with 50 points profit
> Bought BankNifty 37000 CE at 320 which made a high around 460 and Traders booked Great Profit in this Trade

Overall, a choppy day for BankNifty Option Buyers.

BankNifty is underperforming Nifty, if Nifty sustains above 17600 we may see sharp up-move in BN too.

Expectations for Tomorrow: Trending day.

Intraday Levels:
Buy Above 37200
Sell Below 36800

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

Happy Trading!
InvestPro India Team

Komentarz:

No Trade as per Set-up.