BankNifty Intraday Trade Setup | 29th April

BankNifty opened with a gap-up around 36240, we saw some selling in the morning Banknifty made a low in 35950 zones and we saw a great bounce from lower levels. BankNifty gave a trending move for more than 500 points from the day low.

Trades we took on Expiry day, 13th April-

> Bought BankNifty 36500 PE at 350, it went above our Last Target of 450 and Traders booked profit
> Bought BankNifty 35800 CE at 300 which we booked at 335 with a small profit
> Bought BankNifty 36400 PE at 370 which we booked with a 10 points loss
> Bought BankNifty 35800 CE again at 340 which we booked with 20 points profit
> Bought BankNifty 36400 PE at 285 which we booked with a 35 points loss
> Bought BankNifty 36000 CE again at 275, it went above our Last Target of 365 and Traders booked profit
> Bought BankNifty 36000 CE again at 340, it went above our Last Target of 440 and Traders booked profit

Overall BankNifty Option buyers booked profit after small losses.

Tomorrow if BankNifty breaks 36520 on the upside, we can expect a follow-up upmove.

Expectations for Tomorrow: Volatile day.

Intraday Levels:
Buy Above 36520
Sell Below 36300

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

Happy Trading!
InvestPro India Team

Transakcja zamknięta: osiągnięto wyznaczony cel:

Got both Buy and Sell Trades and Targets Done.