BankNifty Intraday Trade Setup | 1st Feb

BankNifty opened with a Gap-up around 38100 and we again saw a choppy session. We saw selling in the morning session, BankNifty formed a low at 37647 and we saw a great recovery from lower levels.

Trades we took today -

> Bought BankNifty 38600 CE at 420, it went above our First Target 470 and Traders booked profit in this Trade
> Bought BankNifty 37900 PE at 620, it went above our Last Target 750 and Traders booked great profit in this Trade
> Bought BankNifty 38800 CE at 390 which we booked at 410

Overall, a good day for BankNifty Option Buyers.

Tomorrow is a crucial day if BankNifty sustains above 38150, an upmove of 150 - 300 points is expected.

Expectations for Tomorrow: Volatile day, Trending move after 1:00 PM.

Intraday Levels:
Buy Above 38150
Sell Below 37860

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

Happy Trading!
InvestPro India Team

Trade closed: target reached:

Buy Trade Triggered, All Targets Done.