BankNifty Intraday Trade Setup | 22nd October

Oct 21, 2021

BankNifty opened with a gap-up near 39650 and made a high around 39750 in the first candle, after morning movement we saw a range and volatile moves but in the last 1 hour, BankNifty showed a massive one-sided rally as Kotak Bank moved more than 6%.

Trades we took Today:

> Bought BankNifty 39900 PE at 230 which made a high above 350 and Traders booked great profit in this trade
> Bought BankNifty 39500 CE at 230 which went above 285 and Traders booked good profit in this trade
> Bought BankNifty 39800 PE at 220 which we booked with 40 points profit
> Bought BankNifty 39600 CE at 100 which we booked with 10 points loss

Overall, SpanAttack Group members booked great profit on Weekly Expiry.

For tomorrow, we can again see a good up-move once BankNifty would break today's high.

Expectations for Tomorrow: Volatile day.

Intraday Levels:
Buy Above 40200
Sell Below 39900

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Happy Trading!
InvestPro India Team