BankNifty Intraday Trade Setup | 19th October

BankNifty opened with a big Gap-up around 39900 and we saw a range-bound session after morning volatility as expected.

Trades we took Today:

> Bought BankNifty 39700 CE at 300 which made a high around 482 and Traders booked good profit in this.
> Bought BankNifty 39900 CE at 280 which made a high around 364 and Traders booked good profit in this.
> Bought BankNifty 39800 CE at 300 and BANKNIFTY 39700 PE at 310, booked both at cost because of the slow movement in BankNifty.

Overall, good day and Traders booked profit in BankNifty Options.

Tomorrow, we can see a sharp down-move of 100 - 200 points if BankNifty breaks and sustains below 39680.

Expectations for Tomorrow: Range-bound day.

Intraday Levels:
Buy Above 39800
Sell Below 39680

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

Happy Trading!
InvestPro India Team

Comment:

Both Buy and Sell Sides trade triggered and 1st Target Done.