BankNifty Expiry Trade Setup | 28th October

BankNifty opened with a minor gap-down and took support in the morning near our Sell Level which was 41000. We saw a pretty range-bound day and BankNifty broke Range on the downside after 2:00 PM.

Trades we took Today:

> Bought BankNifty 41300 CE at 200 in the morning which we booked at cost as there was a very slow movement
> Bought BankNifty 41400 PE at 290 which made a high around 600 and Traders booked great profit in this Trade.

There was not much movement in BankNfty today so we only took these 2 Trades.

Today's low is important and we can see a fast down move of 120-200 points if BankNifty breaks 40750 tomorrow.

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

Intraday Levels:
Buy Above 41025
Sell Below 40750

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

Happy Trading!
InvestPro India Team

Trade closed: target reached:

Sell Trade Triggered and All Targets Done.