BankNifty Daily Levels Update For Option Day Trading

Banknifty Option Day Trading Setup

BUY BANKNIFTY CALL OPTION –

Tomorrow First Up Side Possible Trade in Banknifty – If Banknifty Open Gap Down Near Support

Trade Entry – If Banknifty Sustain above Support Zone (34426 – 34385) You Can Buy ATM CALL Option (34400 CALL)
Trade Target – Banknifty Upside First Target is 34550 & Second Target 3450
Trade Stoploss – If Banknifty index Any 30 min candle Close Below Support 34385 then Exit from Trade or max . 20/25 Points Stoploss .


Tomorrow Second Up Side Possible Trade in Banknifty – If Banknifty Open Gap Up Above Support

Trade Entry – If Banknifty Sustain above Support Zone (34795 – 34760) You Can Buy ATM CALL Option (34800 CALL)
Trade Target – Banknifty Upside First Target is 35000 & Second Target 35250
Trade Stoploss – If Banknifty index Any 30 min candle Close Below Support 34760 then Exit from Trade or max . 20/25 Points Stoploss .


BUY BANKNIFTY PUT OPTION


First Posiible Trade in Banknifty Option Tomorrow

Trade Entry – If Niftybank Sustain Below ResistanceZone (34795 – 34760) You Can Buy PUT OPTION
Trade Target – For Down side First Target for Niftybank is 34550 & Second Target is 34430
Trade Stoploss – If any 30 min candle Closes Above 34760 or max . 35 Points.


Tomorrow Second Up Side Possible Trade in Banknifty – If Banknifty Open Gapdown Below Support

Trade Entry – If Niftybank Open below ResistanceZone and Sustain Below (34430 – 34385) You Can Buy PUT OPTION ( 34400 )
Trade Target – For Down side First Target for Niftybank is 34100 & Second Target is 33760
Trade Stoploss – If any 30 min candle Closes Above 34385 or max . 35 Points.