BankNifty Intraday Trade Setup | 26th October

BankNifty opened with a big gap-up around 41000 and after some consolidation, we saw another good upmove as expected.

Trades we took Today:

> Bought BankNifty 40700 PE at 340 which we booked at cost as there was not much movement in the morning
> Bought BankNifty 40900 CE at 250 which made a high above 1100 and Traders booked great profit in this trade
> Bought BankNifty 41800 CE at 290 which we booked with 50 points of loss
> Bought BankNifty 41300 CE at 290 which made a high around 400and Traders booked good profit in this trade

Overall, we booked great profit today.

Tomorrow, we can see a good upmove if BankNifty starts trading above 41400 in the morning.

Expectations for Tomorrow: Range-bound day.

Intraday Levels:
Buy Above 41400
Sell Below 41000

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

Happy Trading!
InvestPro India Team

Comment:

Sell Trade triggered as per set-up and 1st Target done.