InvestPro_India

BankNifty Intraday Trade Setup | 20th August

NSE:BANKNIFTY   NIFTY BANK
BankNifty opened with a big gap-up due to HDFC Bank news but couldn't sustain at upper levels and we saw a sharp selling on Expiry day. In the morning we bought 36400 PE at 310 which made a high above 900 and we booked great profit in that. We also bought 35800 CE, 36200 PE, and 35700 CE and booked profit in all the Trades. Overall a great expiry for Option Buyers after a long time.

For tomorrow, Movement would be fast on the sell-side so look for the selling opportunity.

Expectations for Tomorrow: Volatile day.

Intraday Levels:
Buy Above 35700
Sell Below 35420

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

Happy Trading!
InvestPro India Team

Subscription Plans: https://investproindia.in/subscription

Whatsapp @8287021744

Telegram Channel - https://t.me/tradepropublic

Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.