BankNifty Intraday Trade Setup | 15th November

BankNifty opened with Gap-up near our Buy level of 38700 which was also a resistance zone and we saw some selling in the morning but after it created a bottom around 10:30 and showed a great recovery.

Trades we took today -

> Bought BankNifty 38700 PE at 350 which made a high around 475 and Traders booked great profit in this Trade
> Bought BankNifty 38900 CE at 280 which we booked with 20 points profit
> Bought BankNifty 38500 PE at 280 which we booked with 15 points loss
> Bought BankNifty 38700 PE at 300 which we booked with 20 points loss

Overall, it was an average day for BankNifty Option Buyers.

If BankNifty opens flat and sustains above 38830 in the morning, a fast 100 - 150 points can be expected.

Expectations for Tomorrow: Volatile Day.

Intraday Levels:
Buy Above 38850
Sell Below 38650

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

Happy Trading!
InvestPro India Team

Comment:

Sold from Top and Booked Great Profit.