BankNifty Expiry Trade Setup | 9th September

As analyzed we initially saw the Range-bound movement and the second half was highly volatile. We suggested buying 36900 PE in the morning at 290 which went to around 370 and we booked great profit. We also booked great profit in 36500 CE bought at 260 and it went to above 400. Overall, it was a great day for Option Buyers.

BankNifty has broken the resistance of 36800 and if we can see a good up-move if BankNifty sustains above 36850 tomorrow.

Expectations for Tomorrow: Range-bound day, Volatility after 1:00 PM.

Intraday Levels:
Buy Above 36850
Sell Below 36600

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

Happy Trading!
InvestPro India Team

Comment:

We bought 37000 PE around high of the day at 230, Made a high around 400.

Comment:

Also updated a support zone of 36600 and made a low at 36602, Traders bought around that zone booked profit in CE too.