BankNifty Intraday Trade Setup | 8th December

Nifty Bank Index (NSE:BANKNIFTY)

Updated

NSE:BANKNIFTY Nifty Bank Index

trendanalysis chartpattern indicator banknifty bankniftytradesetup bankniftyanalysis bankniftyoptions bankniftylevels bankniftyintradaylevels bankniftyintraday bankniftyintradaysetup bankniftyintradaytradesetup

BankNifty opened with a big Gap-up above our Buy Level of 35900, BankNifty was forming higher highs and we saw a good Trending Day.

Trades we took today -

> Bought BankNifty 36100 PE at 290 which we booked at the cost
> Bought BankNifty 36400 CE at 330 which made a high around 600 and Traders booked Great Profit in this Trade
> Bought BankNifty 36500 PE at 240 which made a high around 300 and Traders booked Good Profit in this Trade
> Bought BankNifty 36600 CE at 340 which made a high above 450 and Traders booked Great Profit in this Trade

Overall, a Great day for BankNifty Option Buyers.

Tomorrow we have RBI policy so Trade cautiously.

Expectations for Tomorrow: Volatile Day.

Intraday Levels:
Buy Above 36820
Sell Below 36500

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

Happy Trading!
InvestPro India Team

Comment:

No Trade as per Set-up.

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