BankNifty Intraday Trade Setup | 15th March

BankNifty opened with a small gap-up and after taking support at 34620 zones we saw a tending upmove towards 35400 zones.

Trades we took today -

> Bought BankNifty 34100 PE at 30, it went above to our 2nd Target 410 and Traders booked great profit
> Bought BankNifty 35200 CE at 390, it went above to our Last Target 500 and Traders booked great profit
> Bought BankNifty 35400 CE at 400, it went above to our Last Target 510 and Traders booked great profit
> Bought BankNifty 34500 PE at 380 which we booked with 40 points loss

Overall a great day and BankNifty Option Buyers made a profit.

Tomorrow if BankNifty sustain above 35400, we may see another upmove.

Expectations for Tomorrow: Range-bound Day.

Intraday Levels:
Buy Above 35400
Sell Below 35000

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

Happy Trading!
InvestPro India Team

Trade closed: target reached:

Got both Buy and Sell Trade, 1st and 2nd Targets Done.