BankNifty Expiry Trade Setup | 3rd March
Updated
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
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
Trade closed: target reached
Sell Trade Triggered, All Targets Done.
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.