BankNifty opened flat around 34240 and after making a low near 34175 we saw an upmove BankNifty made a high near 34800 which acted as a rejection zone and profit booking was seen.
Trades we took yesterday-
> Bought BankNifty 34400 PE at 330, it went above our 1st Target of 360 and Traders booked profit
> Bought BankNifty 35000 CE May Expiry at 455, it went above our 1st Target of 550 and Traders booked profit
> Bought BankNifty 34700 PE at 260, it went above our Last Target of 325 and Traders booked profit
> Bought BankNifty 34500 CE at 315 which we booked with a loss at 285
Overall, it BankNifty option buyers booked profit on a volatile day.
Tomorrow if BankNifty breaks 35550 on the upside, we can expect an up-move.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above 34550
Sell Below 34300
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trades we took yesterday-
> Bought BankNifty 34400 PE at 330, it went above our 1st Target of 360 and Traders booked profit
> Bought BankNifty 35000 CE May Expiry at 455, it went above our 1st Target of 550 and Traders booked profit
> Bought BankNifty 34700 PE at 260, it went above our Last Target of 325 and Traders booked profit
> Bought BankNifty 34500 CE at 315 which we booked with a loss at 285
Overall, it BankNifty option buyers booked profit on a volatile day.
Tomorrow if BankNifty breaks 35550 on the upside, we can expect an up-move.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above 34550
Sell Below 34300
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trade closed: target reached
Both Sell and Buy Traders Triggered and Targets done.
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We’re excited to launch our brand-new Telegram Support Channel dedicated to Gold (XAUUSD) trading! 🟡📈
t.me/investprogoldsniper
📲 Join now and invite your friends. Let’s grow and win together! 🌟
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🚨 BIG ANNOUNCEMENT for XAUUSD Traders! 🚨
We’re excited to launch our brand-new Telegram Support Channel dedicated to Gold (XAUUSD) trading! 🟡📈
t.me/investprogoldsniper
📲 Join now and invite your friends. Let’s grow and win together! 🌟
We’re excited to launch our brand-new Telegram Support Channel dedicated to Gold (XAUUSD) trading! 🟡📈
t.me/investprogoldsniper
📲 Join now and invite your friends. Let’s grow and win together! 🌟
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.