BankNifty Expiry Trade Setup | 3rd March

Mar 2, 2022

BankNifty opened with a big gap-down around 35550 due to Russia Ukraine uncertainty. We saw a follow-up selling in BankNifty and it made low at 34900 zones which was also support zones and we also saw more than 500 points short-covering move from lower levels.

Trades we took today -

> Bought BankNifty 35300 PE at 430, it went above our 2nd Target 500 and Traders booked great profit
> Bought BankNifty 35500 PE at 330 which we booked with 50 points loss
> Bought BankNifty 35200 PE at 430, it went above our 2nd Target 490 and Traders booked great profit
> Bought BankNifty 35100 PE at 410, it went above our Last Target 520 and Traders booked great profit

Overall, BankNifty Option Buyers booked profit today.

Tomorrow if BankNifty

Expectations for Tomorrow: Volatile Day.

Intraday Levels:
Buy Above 35600
Sell Below 35200

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

Happy Trading!
InvestPro India Team

Mar 3, 2022

Trade closed: target reached

Sell Trade Triggered, All Targets Done.