BankNifty Intraday Trade Setup | 29th December

BankNifty opened with a Gap-up above 35300 and remained in the 200-250 points range throughout the day.

Trades we took today -

> Bought BankNifty 35400 PE at 350 which made a high around 430 and Traders booked good profit in this Trade
> Bought BankNifty 35100 CE at 400 which we booked with 40 points loss
> Bought BankNifty 35400 PE again at 380 which made a high above 510 and Traders booked great profit in this Trade
> Bought BankNifty 35400 PE at 360 which made a high above 410 and Traders booked good profit in this Trade
> Bought BankNifty 35100 CE at 350 which made a high above 400 and Traders booked good profit in this Trade

Overall, a good day for BankNifty Option Buyers.

Tomorrow if BankNifty sustains above 35250, we can see a follow-up up-move.

Expectations for Tomorrow: Volatile Day.

Intraday Levels:
Buy Above 35250
Sell Below 35000

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

Happy Trading!
InvestPro India Team

Trade closed: stop reached:

Buy Trade Triggered and SL Hit as per set-up.