BankNifty Intraday Trade Setup | 31st January
Updated
BankNifty opened with a Gap-up and faced resistance in 38400 zones. BankNifty was trading in a range for the first half, it broke the range on the lower side and we saw a great fall in the second half.
Trades we took today -
> Bought BankNifty 38700 CE at 540 and added more at 490, it made a high around 560 and Traders booked small profit in this Trade
Got good opportunity in Nifty hence gave preference to Nifty Options.
Tomorrow, if BankNifty sustains below Friday's low 34580 we may see an up-upmove for 130-280 points.
Expectations for Tomorrow: Volatile day
Intraday Levels:
Buy Above 37900
Sell Below 37580
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trades we took today -
> Bought BankNifty 38700 CE at 540 and added more at 490, it made a high around 560 and Traders booked small profit in this Trade
Got good opportunity in Nifty hence gave preference to Nifty Options.
Tomorrow, if BankNifty sustains below Friday's low 34580 we may see an up-upmove for 130-280 points.
Expectations for Tomorrow: Volatile day
Intraday Levels:
Buy Above 37900
Sell Below 37580
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trade closed: target reached
Buy Trade Triggered and 1st Target Done.
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