BankNifty Intraday Trade Setup | 31st December

BankNifty opened flat today, it made a panic low in the morning around 34750 and recovered instantly from lower levels.

Trades we took today -

> Bought BankNifty 34900 PE 6th Jan at 450 which we booked with 50 points loss
> Bought BankNifty 35100 CE 6th Jan at 410 which we booked at a cost due to no momentum
> Bought BankNifty 35000 CE at 70 which made a high around 200 and Traders booked great profit in this Trade
> Bought BankNifty 35100 PE at 100 in which we booked 35 points profit
> Bought BankNifty 35200 PE 6th Jan at 440 which we booked at a cost due to no momentum

Overall, a choppy day for BankNifty Option Buyers.

BankNifty has to break this 300-400 points range then only we can expect a trending move.

Expectations for Tomorrow: Range-bound Day, Volatility after 1:30 PM.

Intraday Levels:
Buy Above 35200
Sell Below 34800

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

Happy Trading!
InvestPro India Team

Trade closed: target reached:

Buy Trade Triggred, All Targets Done.