BankNifty Intraday Trade Setup | 14th March
BankNifty opened with a small gap-down and formed the day low in the first 5 mins at 34094. We saw a good upmove in the first 60 mins towards 34880 and then it was trading in the range for the whole day.
Trades we took today -
> Bought BankNifty 34900 CE at 390, it went above to our Last Target 500 and Traders booked great profit
> Bought BankNifty 35200 PE at 420, it went above to our Last Target 530 and Traders booked great profit
> Bought BankNifty 33800 PE at 440 which we booked with 40 points loss
> Bought BankNifty 35200 CE at 400, it went above to our First Target 460 and Traders booked profit
> Bought BankNifty 33800 CE at 380, it went above to our Last Target 480 and Traders booked great profit
Overall a great day and BankNifty Option Buyers made a wonderful profit.
Tomorrow if BankNifty sustain below 34350, we may see a fast down move.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above 34600
Sell Below 34200
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trades we took today -
> Bought BankNifty 34900 CE at 390, it went above to our Last Target 500 and Traders booked great profit
> Bought BankNifty 35200 PE at 420, it went above to our Last Target 530 and Traders booked great profit
> Bought BankNifty 33800 PE at 440 which we booked with 40 points loss
> Bought BankNifty 35200 CE at 400, it went above to our First Target 460 and Traders booked profit
> Bought BankNifty 33800 CE at 380, it went above to our Last Target 480 and Traders booked great profit
Overall a great day and BankNifty Option Buyers made a wonderful profit.
Tomorrow if BankNifty sustain below 34350, we may see a fast down move.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above 34600
Sell Below 34200
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.