BankNifty Expiry Trade Setup | 2nd December

BankNifty opened with Gap-up, we saw good upside momentum in the morning and BankNifty closed near day high.

Trades we took today -

> Bought BankNifty 36000 PE at 230 which made a high above 320 and Traders booked great profit in this Trade
> Bought BankNifty 36000 CE at 310 which we booked at a cost due to slow momentum
> Bought BankNifty 36200 CE at 290 which made a high around 370 and Traders booked good profit in this Trade
> Bought BankNifty 36200 CE again at 270 which we booked with 10 points loss
> Bought BankNifty 36000 CE 9th Dec at 680 which made a high above 800 and Traders booked great profit in this Trade

Overall, Wonderful day and BankNifty Option Buyers booked Great Profits.

BankNifty closed near the resistance line and we may see a follow-up upmove once BankNifty would start trading above 36450.

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

Intraday Levels:
Buy Above 36450
Sell Below 36200

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

Happy Trading!
InvestPro India Team

Trade closed: stop reached:

Choppy Day, SL Hit on Buying Trade