BankNifty Intraday Trade Setup | 1st April

Mar 31, 2022

BankNifty opened with a gap-up near 36460 and after making a low around 36280 we saw an upmove which took BankNifty around 36600 but BankNifty couldn't sustain at upper levels.

Trades we took today -

> Bought BankNifty 36700 PE at 360, it made a high above our 3rd Target 440 and Traders booked profit
> Bought BankNifty 36700 PE at 240, it made a high above our Last Target 330 and Traders booked profit
> Bought BankNifty 36700 PE at 250, it made a high above our Last Target 360 and Traders booked profit
> Bought BankNifty 36300 CE at 100, it made a high above our 2nd Target 155 and Traders booked profit

Overall, despite being a slow momentum day it was a wonderful expiry for BankNifty Option Buyers.

Tomorrow if BankNifty sustains above 36450, we may see another upmove.

Expectations for Tomorrow: Volatile day.

Intraday Levels:
Buy Above 36450
Sell Below 36280

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

Happy Trading!
InvestPro India Team

Apr 4, 2022

Trade closed: target reached