BankNifty Intraday Trade Setup | 25th Feb

BankNifty opened with a huge gap-down around 36200 as Russia invaded Ukraine, initially BanKNifty showed some bounce to tired to hold and due to fear, high selling pressure was there and BankNifty broke all the supports on the downside.

Trades we took today -

> Bought BankNifty 36000 CE at 250 which we booked with 40 points loss
> Bought BankNifty 36200 PE at 360, it went above our Last Target 490 and Traders booked great profit
> Bought BankNifty 36000 PE at 140, it went above our Last Target 230 and Traders booked great profit

Overall, BankNifty Option Buyers booked great profit yesterday.

SGX Nifty indicates a gap-up opening, if BankNifty sustains above 35800 we may see an upmove.

Expectations for Tomorrow: Volatile Day.

Intraday Levels:
Buy Above 35800
Sell Below 35500

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.