BankNifty Expiry Trade Setup | 14th October

BankNifty opened with a Gap-up and as per our analysis, we saw a volatile day. BankNifty took support at our Buying level 38600 and we saw 150-180 points upmove.

Trades we took Today:

> Bought BankNifty 38500 CE at 310 which made a high around 380 and Traders booked great profit in this.
> Bought BankNifty 38500 CE again at 290, and Traders booked this at 335.
> Bought BankNifty 38600 CE at 235, it made high around 264 but we booked it at cost as there was not much movement.

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

Tomorrow we can see a good move once BankNifty breaks today's range on either side.

Expectations for Tomorrow: Range-bound day, Volatality after 12:30.

Intraday Levels:
Buy Above 38800
Sell Below 38500

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

Happy Trading!
InvestPro India Team

Comment:

Buy Trade triggered and All Targets done.