BankNifty Intraday Trade Setup | 1st December

BankNifty opened flat and we saw one side upmove when BankNifty broke our Buying level 36200, BankNifty faced resistance at 36800 zones and lost all the gains sharply.

Trades we took today -

> Bought BankNifty 36100 PE at 290 which we booked with 25 points loss
> Bought BankNifty 36200 CE at 360 which made a high above 500 and Traders booked great profit in this Trade
> Bought BankNifty 36800 PE at 360 which made a high above 1000 and Traders booked great profit in this Trade
> Bought BankNifty 36200 CE at 270 which we booked with 40 points loss
> Bought BankNifty 36000 CE at 330 which made a high around 440 and Traders booked good profit in this Trade
> Bought BankNifty 36000 PE at 300 which made a high above 500 and Traders booked good profit in this Trade

Overall, Great day for BankNifty Option Buyers.

We may again see a fast down-move if BankNifty breaks today's low.

Expectations for Tomorrow: Range-bound Day.

Intraday Levels:
Buy Above 36000
Sell Below 35520

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

Happy Trading!
InvestPro India Team

Trade closed: target reached:

Buy Trade Triggered and 2 Targets Done.