BankNifty Intraday Trade Setup | 4th January 2022

BankNifty opened with a minor gap-up today near 356100, we saw a minor dip in the morning and then it was a trending day and BankNifty was forming higher highs throughout the day.

Trades we took today -

> Bought BankNifty 35400 CE at 480 which we booked with 50 points loss
> Bought BankNifty 35700 PE at 360 which we booked with 30 points loss
> Bought BankNifty 35700 CE at 460 which made a high above 560 and Traders booked great profit in this Trade
> Bought BankNifty 36200 CE at 300 which made a high above 420 and Traders booked great profit in this Trade
> Bought BankNifty 36200 PE at 340 which we booked with 15 points loss

Overall, a great day for BankNifty Option Buyers.

Tomorrow, if BankNifty sustains above 36500 in the morning we may see another 120-250 points upmove.

Expectations for Tomorrow: Volatile Day.

Intraday Levels:
Buy Above 36500
Sell Below 36270

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 All Targets Done.