BankNifty Intraday Trade Setup | 17th December
Updated
BankNifty opened with a big gap-up due to Global cues but BankNifty couldn't sustain at higher levels, we saw selling at open and BankNifty broke the 36500 support zone as well during the day.
Trades we took today -
> Bought BankNifty 37000 CE at 370 which we booked around the cost
> Bought BankNifty 37000 PE at 310 which made a high above 430 and Traders booked great profit in this Trade
> Bought BankNifty 37000 CE at 305 which we booked with 55 points loss
Overall, Choppy day for BankNifty Option Buyers.
For tomorrow, 36400 is an important level to hold, we may see another sharp fall if BankNifty breaks this.
Expectations for Tomorrow: Trending Day.
Intraday Levels:
Buy Above 36600
Sell Below 36400
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trades we took today -
> Bought BankNifty 37000 CE at 370 which we booked around the cost
> Bought BankNifty 37000 PE at 310 which made a high above 430 and Traders booked great profit in this Trade
> Bought BankNifty 37000 CE at 305 which we booked with 55 points loss
Overall, Choppy day for BankNifty Option Buyers.
For tomorrow, 36400 is an important level to hold, we may see another sharp fall if BankNifty breaks this.
Expectations for Tomorrow: Trending Day.
Intraday Levels:
Buy Above 36600
Sell Below 36400
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Note
No Trade as per set-up.
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