BankNifty Expiry Trade Setup | 27th January

BankNifty opened a flat and formed a low near 36400 zones in the first candle but didn't break Monday's low and we saw great upmove from lower levels. We saw a short-covering move in the second half and BankNifty closed in green with more than 750 points.

Trades we took today -

> Bought BankNifty 37100 CE at 420, it made a high above our last Target 550 and Traders booked great profit in this Trade
> Bought BankNifty 37100 CE again at 490, it made a high above our first Target 550 and Traders booked profit in this Trade
> Bought BankNifty 37500 PE again at 360, it made a high around our first Target 400 and Traders booked profit in this Trade
> Bought BankNifty 37300 CE at 410, it made a high around our Last Target 520 and Traders booked profit in this Trade

Overall, a Great Day for BankNifty Option Buyers.

Tomorrow, if BankNifty opens flat and sustains above 37780 we may see a follow-up upmove for 120-250 points.

Expectations for Tomorrow: Range-bound Day, Volatality after 1:00.

Intraday Levels:
Buy Above 37780
Sell Below 37400

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

Happy Trading!
InvestPro India Team

Trade closed: target reached:

Both Sell and Buy Trade Triggered and Targets Done on both sides.