InvestPro_India

BankNifty Intraday Trade Setup | 13th September

NSE:BANKNIFTY   NIFTY BANK
As analyzed we saw the range-bound for the entire day expect some last hour volatility . BankNifty opened near the previous high 36850 which was also the resistance zone . We bought 37000 PE in the morning at 230 which went to above 400 and Traders booked great profit. We also bought 36500 CE at 140 which easily gave 40-50 points of profit.

As an expiry zero hero, we bought 36600 CE at 20 which made a high around 90 in just 10-15 mins and Traders easily made 2x-4x money in this trade.

For tomorrow, if BankNifty sustains below 36550 levels we may see a fast move of 100-150 points on the downside. In case it breaks the falling resistance line then an up-move can be seen above 36710 but Traders should book profit early on the upside as there are many resistance zones.

Expectations for Tomorrow: Volatile Market.

Intraday Levels:
Buy Above 36710
Sell Below 36550

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

Happy Trading!
InvestPro India Team
Comment: Target 1 is done on the sell-side.
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Comments

Good levels u have given, let's observe
+1 Reply