BankNifty Intraday Trade Setup | 3rd January 2022

BankNifty opened flat today and gave a great rally in the morning 30 mins, post that it was trading in a range.

Trades we took today -

> Bought BankNifty 35200 PE at 370 which we booked with 40 points loss
> Bought BankNifty 35300 PE at 360 which we booked with 30 points loss
> Bought BankNifty 35500 CE at 440 and we added more at 380 which we booked at a cost due to slow movement
> Bought BankNifty 35400 CE at 420 which went towards 500 and Traders booked good profit in this Trade
> Bought BankNifty 35600 PE at 390 which went above 450 but we asked Safe Traders to exit at cost as there was no movement

Overall, a choppy day for BankNifty Option Buyers.

BankNifty has given the Breakout and we can see another good move on the upside if it Breaks 35600.

Expectations for Tomorrow: Volatile Day.

Intraday Levels:
Buy Above 35600
Sell Below 34350

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

Happy Trading!
InvestPro India Team

Comment:

Buy Trade Triggered, 1st and 2nd Targets Done.

Trade closed: target reached:

All Targets Done.